CredAble’s Business Model
CredAble, established in 2017, operates on a business model that focuses on providing working capital to a diverse range of businesses. This includes large corporations, mid-sized and emerging companies, as well as micro, small, and medium enterprises (MSMEs). Additionally, it extends its services to financial institutions. By addressing the working capital needs of these entities, CredAble plays a crucial role in facilitating their growth and operational efficiency. This unique approach has positioned CredAble as a significant player in the fintech space.
Fintech startup CredAble scores $10 Mn in new round
Mumbai-based fintech startup CredAble has secured $10 million in a new funding round led by Singapore-based investment firm Equentia Natural Resources. This marks the company’s first fundraising activity in 15 months and brings its total capital raised to over $55 million since its inception in 2017.
In Short:
- CredAble, a Mumbai-based fintech startup, secures $10M in a new funding round led by Singapore-based Equentia Natural Resources.
- The company plans to use the funds for working capital requirements, growth, and expansion.
- CredAble has been valued at $177 million post-allotment.