Commits USD 100 Million Towards India–Mexico Trade Corridor in FY27
Kolkata, September 12, 2026: Credlix, the cross-border trade financing platform by Moglix, has crossed the USD 1 billion milestone in export financing, supporting more than 1,000 MSME exporters across India, Mexico, the United States, the Middle East and Singapore.
Credlix combines an RBI-regulated NBFC in India with an IFSCA-regulated entity in GIFT City, enabling the platform to support manufacturers in India as well as buyers in overseas markets. The company is increasingly focusing on strengthening key trade corridors, including the growing India–Mexico business corridor.
For FY27, Credlix has committed more than USD 100 million towards financing Mexican companies, supporting Indian manufacturers supplying buyers in Mexico. Bilateral trade between India and Mexico has crossed USD 11 billion, highlighting the growing potential for deeper commercial ties between the two countries.
The importance of the corridor was also highlighted during a recent engagement facilitated by the Embassy of India, which brought together Rahul Garg, Founder and CEO of Moglix, Credlix and Cognilix, India’s Ambassador to Mexico Dr Pankaj Sharma, Jose Mora Medina, President of Coparmex, and Juan Pablo Medina Mora Icaza, CEO of Coparmex, to discuss opportunities for strengthening India–Mexico business relations.
Growing Demand for Export Finance
India’s merchandise exports have started FY27 on a strong footing. Between April and July, exports reached USD 173.78 billion, registering a growth of 17.04%.
With Indian businesses expanding into international markets, access to timely working capital is becoming increasingly important, particularly for MSME exporters dealing with longer overseas payment cycles. Export factoring can help bridge this gap by providing financing against overseas receivables, enabling exporters to manage cash flow and undertake larger international orders.
Commenting on the milestone, Rahul Garg, Founder and CEO, Credlix, said that India’s export factoring market remains at an early stage compared with more developed markets. He noted that factoring penetration in India is currently below 1% of exports, creating significant scope to build awareness and specialised capabilities that can help MSMEs access export finance and scale their global businesses.
Credlix’s export factoring model supports financing in major international currencies, including USD, EUR and GBP. For FY27, the company is targeting financing of more than USD 500 million in exports from India alone.
Pramit Joshi, Senior Vice President, Credlix, said that India’s digital and formal financing infrastructure for MSMEs has made significant progress, while cross-border export financing requires additional capabilities to address overseas buyer verification, KYC, recovery processes and regulatory requirements.
According to Joshi, stronger participation from overseas buyers and enhanced capabilities to manage cross-border receivables could enable more Indian MSMEs to access export finance, take on larger international orders and enter new markets. He added that such capabilities will become increasingly important as India seeks to convert the market-access opportunities created through Free Trade Agreements (FTAs) into sustained export growth.
