What is Credgenics?
Credgenics operates as India's leading recovery and technology-enabled collections platform, serving financial institutions, banks, NBFCs, and digital lending firms. The company leverages technology, automation, and intelligence, alongside optimal legal strategies, to expedite the recovery of bad loans. By providing an end-to-end Collections-based SaaS platform with integrated legal workflows, Credgenics empowers its clients to increase their overall recovery rates while simultaneously reducing collection costs. The platform offers customized strategies designed to help creditors efficiently improve their non-performing assets (NPAs) and expand their geographic reach.
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 Accel Partners BV and DMI Finance Company
Series A (2021): $25M led by Westbridge Capital Us Advisors and Accel
Series B (2023): $50M supported by Accel and Westbridge Capital
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 various sectors including fintech.
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, focusing on innovative companies.
Westbridge Capital
Westbridge Capital is a private equity company that acquires mature operating businesses, often structuring deals with management for long-term alignment.
What's next for Credgenics?
The substantial enterprise-level funding and recent strategic investment position Credgenics for accelerated expansion and further technological innovation. This capital infusion is expected to fuel the company's efforts to enhance its SaaS platform, broaden its market penetration across India, and potentially explore new service offerings within the fintech and debt recovery sectors. The backing from established investors suggests a strategic focus on scaling operations and solidifying its market leadership in the competitive landscape of financial technology solutions.
See full Credgenics company page
