CredAble Asset Profile

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Year established

2017

Location

Mumbai Maharashtra India

Primary Industry

Financial Services

About

Based in Maharashtra, India, and founded in 2017 by co-founders Nirav Choksi (CEO), Ram Kewalramani, Rajiv Ramnarayan, and Rohit Anand, Equentia SCF Technologies Private Limited, doing business as Credable, operates as a supply chain financing company that provides working capital solutions. The platform also combines technology, financing, deep learning, and analytics to create financing products and investments. In June 2024, CredAble raised INR 30 million in venture funding from SIDBI. The company provides a supply chain financing platform that offers early payment and receivables financing solutions to enterprises. The platform's services include trade facilitation, payments and reconciliation, and digital KYC. Additionally, the firm also provides services such as embedded finance and supply chain financing solutions. The company plans to use its proceeds from June 2024 funding to expand operations and offer reasonably priced financing options to MSMEs and women-owned businesses in India.

Current Investors

Alpha Capital, V Ocean Investments, OAKS Asset Management

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Primary Industry

Financial Services

Sub Industries

e-Financial, Consumer Finance, Web Applications, Accounting/Finance Software

Website

www.credable.in/

Verticals

Artificial Intelligence, Artificial Intelligence, Cloud Computing, FinTech, FinTech, FinTech

Company Stage

Series B

Total Amount Raised

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