CredAble, Mumbai-based fintech startup raises $2.5 Mn funding

Mumbai, Maharashtra-based fintech startup CredAbale on Saturday raised INR 18.14 crore (around $2.5 million) from a group of angel investors.

Featured image: Nirav Choksi, Founder & CEO of CredAble


Mumbai, Maharashtra-based fintech startup CredAbale on Saturday secured INR 18.14 crore (around $2.5 million) from a group of angel investors. The news flashed first on Inc42.

Founded in 2017 by Nirav Choksi (CEO) and Ram Kewalramani (CFO), CredAble combines technology, financing, deep learning, and analytics to create innovative supply chain financing products dynamically. The company combines its efforts with various blue-chip corporates to provide digital vendor financing to help them accumulate working capital instantly. – driving sumptuous EBIDTA margin for corporates.

JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!

WhatsApp
Telegram

CredAble in 2018 raised $14.8 million from Alpha Capital, Chicago, that makes CredAble’s total funding raised to date as $17.3 million.

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

The company through its proprietary product ‘Receivables Xchange’, offers vendors seamless access to early payment for their receivables in exchange for a trade discount, also enabling the banks and NBFCs to bid for payables and lend to the vendors.


As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

Articles: 963