What is CredAble?
CredAble operates a robust working capital infrastructure, offering a suite of scalable products and value-added financing solutions engineered for businesses of all sizes. The company aims to streamline access to capital, enabling enterprises to manage their cash flow more effectively and pursue growth opportunities. Its platform is designed to address the diverse financing needs across various industries, positioning CredAble as a key player in the financial technology sector.
How much funding has CredAble raised?
CredAble has raised a total of $56.9M across 5 funding rounds:
Stock Offering
$4.4M
Series B
$30M
Corporate Investment
$9M
Unspecified
$10M
Debt
$3.5M
Stock Issuance/Offering (2020): $4.4M with participation from V’Ocean Investment Limited
Series B (2021): $30M led by Oaks Asset Management and Plutus Wealth Management
Corporate Investment (2022): $9M supported by Oak Asset Management and Axis Bank
Unspecified (2024): $10M featuring Equentia Natural Resources
Debt (2024): $3.5M backed by Small Industries Development Bank of India
Key Investors in CredAble
Small Industries Development Bank of India
The Small Industries Development Bank of India (SIDBI) is a crucial financial institution dedicated to supporting Micro, Small, and Medium Enterprises (MSMEs) in India. It provides a wide array of financial products and services, including loans and specialized schemes, to foster the growth and sustainability of the MSME sector.
Plutus Wealth Management
Plutus Wealth Management LLP is a firm specializing in financial planning and investment management for both individual and corporate clients. They are committed to providing ethical, personalized advice and comprehensive services, including cash flow modeling and tax planning, to help clients achieve their financial objectives.
Equentia Natural Resources
Equentia Natural Resources is a prominent supplier of steel and energy raw materials, with a strong focus on responsible mining and commodity trading. They offer innovative supply chain solutions and partner globally to drive growth and sustainability in the commodity sector.
What's next for CredAble?
With the recent influx of capital, CredAble is poised for accelerated expansion. The strategic investment is expected to fuel further development of its innovative financing products and enhance its market reach. The company's focus on providing flexible and efficient working capital solutions suggests a continued emphasis on technological advancement and customer-centric service delivery. Future growth will likely involve deepening partnerships and expanding its service portfolio to meet the evolving demands of the business finance landscape.
See full CredAble company page
