What is Credgenics?
Credgenics operates as India's premier recovery and technology-enabled collections platform. The company provides an end-to-end SaaS solution designed to assist banks, non-banking financial companies (NBFCs), and digital lending firms in optimizing their collections efficiency. By integrating legal workflows with data-driven strategies, Credgenics enables creditors to improve their non-performing asset (NPA) ratios, expand geographic reach, and enhance overall customer experience. The platform is engineered to reduce collection costs while simultaneously increasing recovery rates, addressing a vital pain point in the lending ecosystem through sophisticated automation and legal strategy integration.
How much funding has Credgenics raised?
Credgenics has raised a total of $78.6M across 3 funding rounds:
Other Financing Round
$3.6M
Series A
$25M
Series B
$50M
Other Financing Round (2020): $3.6M with participation from DMI Finance Company and Accel Partners BV
Series A (2021): $25M led by Westbridge Capital Us Advisors and Accel
Series B (2023): $50M supported by Westbridge Capital and Accel
Key Investors in Credgenics
Westbridge Capital Us Advisors
WestBridge Capital is an investment firm that supports Indian entrepreneurs with purpose-driven capital, focusing on long-term growth and sustainable solutions across fintech and consumer sectors.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, providing strategic support for scaling.
DMI Finance Company
DMI Finance is a technology-driven financial services company that provides credit and financial products, often participating in strategic rounds to foster innovation in the lending ecosystem.
What's next for Credgenics?
With this major enterprise-level funding, Credgenics is well-positioned to accelerate its product development and market expansion. The company is expected to focus on scaling its SaaS platform capabilities, further refining its AI-driven collections intelligence, and deepening its integration with diverse financial institutions. As the demand for efficient, technology-led debt management grows, Credgenics will likely prioritize enhancing its legal workflow automation and expanding its footprint to serve a broader range of creditors, ensuring long-term sustainability and market leadership in the evolving fintech landscape.
See full Credgenics company page
