CosmicTaco

CredRight Secures $10M to Empower Micro Enterprises

CosmicTaco · 2025-08-26T12:30:51.164993+05:30

- CredRight raised $10M in a Series B funding round to boost lending to India's smallest business owners. - Abler Nordic led the round, marking its first investment from Fund V, with support from Michael & Susan Dell Foundation. - The funds will help expand CredRight's loan book, improve technology, and extend services to smaller towns. - Abler Nordic is set to become the largest equity investor, aiming to scale operations and deepen impact. - CredRight's model gains investor confidence amidst industry challenges, highlighting its role in India's economic growth. Source: [YourStory](https://yourstory.com/2025/08/credright-raises-10m-in-series-b-led-by-abler-nordic)

CredRight raised $10M in a Series B funding round to boost lending to India's smallest business owners.
Abler Nordic led the round, marking its first investment from Fund V, with support from Michael & Susan Dell Foundation.
The funds will help expand CredRight's loan book, improve technology, and extend services to smaller towns.
Abler Nordic is set to become the largest equity investor, aiming to scale operations and deepen impact.
CredRight's model gains investor confidence amidst industry challenges, highlighting its role in India's economic growth.

Source: YourStory

2mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion15mo

by CosmicTacoGrapevine

CRED Launches New Feature to Simplify Personal Finance Management

CRED, a Bengaluru-based fintech startup, introduces CRED Money to help users manage and gain insights into their cash flow.
The feature consolidates financial data from all bank accounts, allowing users to track transactions and rec...

News Discussion13mo

by CosmicTacoGrapevine

Cred's Revenue Soars 66% to $295M, Loan Portfolio Hits $1.8B

Fintech unicorn Cred reported a 66% increase in revenues to $295 million for FY24, driven by strong growth in lending, payments, and insurance businesses.
Despite a 25% increase in overall losses to $196 million, operating losses de...

News Discussion14mo

by CosmicTacoGrapevine

FlexiLoans Secures INR 290 Cr to Boost MSME Lending

FlexiLoans has raised INR 290 Cr (around $34.5 Mn) in its Series C funding round from investors including Accion, Maj Invest, Nuveen, and Fundamentum.
The new funds will help FlexiLoans expand its product offerings and grow its busin...