CreditEnable secures £2m from JPIN Venture Catalysts to develop its technology platform and expand its user base.
JPIN Venture Catalysts led the £2m investment to support platform development and user growth.
CreditEnable operates an artificial intelligence driven credit marketplace designed to help small and medium enterprises secure appropriate business loans while improving approval rates for lenders.
CreditEnable has secured £2m in a funding round led by JPIN Venture Catalysts, which contributed £700k. The capital will be directed towards advancing the company's technology platform and growing its user base.
The firm operates a digital marketplace connecting small businesses with lenders, aiming to resolve inefficiencies in SME financing. The fresh injection of funds supports its ongoing expansion in India and its efforts to bridge the financing gap for growing enterprises.
From the founder
"We are delighted that JPIN VCATS has decided to back our growth. The COVID pandemic has accelerated the adoption of digitization within financial services. Getting affordable finance into the SME segment at scale is going to be critical to our global economic recovery and we are thrilled to have Venture Catalysts support to help us to scale our reach in India."
Nadia Sood
CEO & Co-Founder at CreditEnable
Investor perspective
"Fintech is one of the fastest growing sectors in India and a great number of unicorns are expected to emerge in the next decade."
Nayan Gala
Founder & Managing Partner, JPIN Venture Catalysts
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
CreditEnable
CreditEnable runs an AI driven SME credit marketplace that simplifies business loan procurement.