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.