19.7 C
Sunday, May 26, 2024
HomeAIIndian fintech start-up Credgenics secures $50m Series B funding

Indian fintech start-up Credgenics secures $50m Series B funding


Debt collection SaaS platform Credgenics secures $50 million in Series B funding led by Westbridge Capital, expanding its innovative debt resolution solutions across markets.


  • Credgenics raises $50 million in Series B funding at a valuation of $340 million.
  • Led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund, and other strategic investors.
  • Launched in 2019, Credgenics operates in India and Southeast Asia.
  • Offers debt resolution solutions including digital collections, analytics, litigation management, mobile app, agent performance management, and AI-powered payments.
  • Claims over 100 clients, achieving 7x revenue growth since 2021 Series A funding.
  • CEO Rishabh Goel: Funding extends innovative debt recovery to new markets, empowering businesses for loan collections.
  • Capital to be used for product development, global expansion, and entry into various financial segments.

Related stories

Women in AI: Sarah Myers West says we should ask, ‘Why build AI at all?’

To give AI-focused women academics and others their well-deserved...

FE fundinfo snaps up wealth management fintech Dericon

Acquisition Details:Acquirer: FE fundinfo, a UK-based financial...

LGT in Liechtenstein taps Finastra for instant payments

Partnership Announcement:Entities Involved: LGT (private banking and...

Granola debuts an AI notepad for meetings

Taking meeting notes is a chore, so why not...


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories