Mumbai, Dec. 4 -- Fintech firm Credlix on Thursday said that it has acquired a majority stake in Vanik Finance for Rs 80 crore.

Following this, Vanik Finance will operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times.

Credlix is the fintech arm of Moglix which was founded by entrepreneur Rahul Garg. It is a global supply-chain financing platform that enables SMEs to access fast, collateral-free working capital. With operations across India, US, Mexico, and the UAE, the fintech firm helps businesses scale sustainably and participate in global markets.

The company in a press note said that the acquisition would help it widen access to tim...