Credlix, a global fintech platform specializing in cross-border supply chain financing, has introduced its new India–Mexico Connect service, designed to facilitate direct sourcing of industrial products from Indian manufacturers for Mexican buyers while providing seamless, collateral-free trade financing.This initiative marks a notable expansion by an Indian B2B startup into the Mexican market, aiming to enhance collaboration between the two nations’ importers and exporters and support supply chain diversification for Mexican businesses. The service was formally unveiled at the IndMex Chamber event, hosted by the Embassy of India in Mexico on Thursday, June 19. The event, organized by the Trade and Commerce Council of India and Mexico (IndMex), brought together stakeholders from business, trade, and diplomacy to foster stronger bilateral ties.Rahul Garg, Founder & CEO of Moglix—Credlix’s parent company—stated, “With the launch of India Sourcing for Mexico, we are enabling a new chapter in India–LATAM trade. As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains.”Ambassador Dr. Pankaj Sharma, alongside Daniel Becker Feldman, CEO of Banco Mifel, underscored the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation, emphasizing the importance of enabling tangible economic engagement. Becker Feldman highlighted Mexico’s untapped potential in digital finance, noting that “over half of Mexican transactions remain cash-based,” and acknowledged India’s digital payments infrastructure as a model Banco Mifel already leverages.Through India–Mexico Connect, Mexican buyers can access a wide array of industrial products, including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics, from over 20,000 Indian suppliers within the Moglix network. Supported by Credlix’s invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, without the need for collateral. The digital-first platform aims to address historical challenges such as payment security, sourcing complexity, and limited access to trade finance by integrating procurement and financing for a frictionless cross-border trade experience.This initiative aligns with global trends such as China+1 diversification, nearshoring, and Indo-Pacific economic cooperation. It seeks to significantly grow the currently smaller USD 11 billion trade between India and Mexico, contrasting with Mexico’s USD 120 billion trade with China. India–Mexico Connect positions India as a reliable sourcing partner and Credlix as a key financial enabler in this evolving trade corridor.