Invoice discounting startup KredX acquires Hummingbill

Hummingbill’s Gmail plugin product allows for automated tracking of invoices and cash flow management.

KredX’s platform enables small merchants to sell their invoices raised against blue-chip companies at a discount to investors, banks and financial institutions to raise money for their working capital needs.

Hummingbill’s four-member team will join KredX and the 500 merchants on its platform will be onboarded in the merged entity.

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