CredFlow, a Delhi NCR–based cash-flow and SME lending platform, has received approval from the Reserve Bank of India (RBI) to operate a new Non-Deposit Taking NBFC (ICC Type 2). The licence, issued in just four months, is among the fastest granted in the segment. The new NBFC operates under the group entity Cashpositive Finance Pvt. Ltd. and the brand name CashFloat, which has already begun disbursing loans.
The approval marks a significant step for CredFlow as it becomes India’s first fully data-native NBFC, using deep-integrated GST, banking, ERP and supply-chain datasets to offer fast and transparent working-capital solutions to manufacturers, traders and distributors. Over the past four years, the company has built one of India’s largest cash-flow and invoice-intelligence networks, processing more than $800 billion worth of GST-verified invoices and touching six million businesses—nearly half of India’s GST-registered base.
CredFlow says the licence strengthens its lending arm, which is expected to reach ₹100 crore in assets under management (AUM) this year. Previously dependent on partner-led lending and LSP arrangements, the company can now lend independently, allowing faster credit approvals, customised products, and tighter control over underwriting and collections.
Kunal Aggarwal, Founder and CEO of CredFlow, said the licence reinforces the platform’s mission to help India’s SMEs become “cash-rich” through structured lending combined with real-time data intelligence. “SMEs don’t struggle due to lack of demand but due to lack of timely capital,” he said, adding that improved access to credit would strengthen India’s broader industrial and supply-chain ecosystem.
With the ability to lend from its own balance sheet, CredFlow plans to expand its product suite to include invoice discounting, unsecured and partially secured term loans, manufacturing expansion loans, structured SME finance and co-lending programmes with banks and NBFCs.
The firm’s model integrates offline reach with AI-driven digital underwriting, adjusting credit limits dynamically based on real cash-flow performance. CredFlow aims to build a full-stack SME finance ecosystem spanning working capital, payments, collections and future capital-market access, positioning itself as a key player in India’s evolving SME credit landscape.
