CredAble secures INR300m from SIDBI to facilitate financing for India-based women-led businesses image credit shutterstock

Working capital-focused fintech, CredAble, has raised INR300m ($3.6m) in debt funding from SIDBI to extend affordable financing solutions to MSMEs and women-led businesses in India.

By providing holistic financial growth solutions, CredAble says that it is at the forefront of shaping the working capital financing space.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company’s AI-powered technology platform offers built-to-suit, large-scale liquidity programmes tailored to the unique needs of enterprises and their network of MSME suppliers.

Beyond traditional banking and loan products, the company has built a comprehensive working capital infrastructure for digitising corporate-led financing and underwriting needs.

In addition to expanding its product lines for MSMEs and scaling up its operations, CredAble plans to extend its financing scope to a wider portfolio of businesses, including those led by women.

The company recently dedicated INR2bn to back women-led enterprises and has supported more than 50 such businesses across India over the course of 10 months.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Manu Prakash, MD and Head – Partnerships & FI Coverage, said: “The MSME sector is touted for significant growth over the next five years. From providing affordable financing to scaling up their operations, we’re focused on meeting the growing demands of small and medium-sized businesses. This latest injection of capital from SIDBI will further bolster our efforts to strengthen the MSME sector and women-led businesses.”

CredAble’s platform hosts over 125 corporate customers, over 350,000 small business borrowers, and over 35 large financial institutions and banks. Its investors include Oaks Asset Management, Plutus Wealth Management and Axis Bank.

It also offers financial services through its platform products to customers including large corporates, mid-market and emerging corporates and financial institutions.