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

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

Date:

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

Facts

  • 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.

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