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Founded
2017
Headquarters
Mumbai (India)
Status
Series B
Company Details
Credable is the Digital Banking Platform that is driving the future of banking by embedding financial services in businesses across emerging markets.We partner with financial institutions and businesses to launch financial services including credit, savings, and payments products on our B2B2C digital infrastructure.
Products and Services
Enterprise Programs: Provides liquidity programs for enterprise ecosystems using state-of-the-art technology platforms.
Financial Institutions: Offers API-based working capital platforms and embedded credit solutions for financial institutions and their customers.
SMB Solutions: An all-in-one platform for small businesses to manage credit, trade, and cash flow.
Digital Trade Finance: Automates transaction documentation and integrates with leading ERPs.
Mission
CredAble's mission is to provide timely and customized working capital financing solutions to businesses, enabling them to grow and thrive. The company aims to bridge the liquidity gap in the market by leveraging technology and deep trade finance expertise.
Key Metrics
Total Equity Funding
$60Millin
No. of Funding Rounds
9
Latest Funding Round
$10.0Million, Series B
as of November 27, 2023
Post Money Valuation
$176Million
as of November 27, 2023
Funding Multiple
3.33
as of N/A
Investors
OAKS
and 9 moreEmployee Count
270
Similar Companies
Jify
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| November 27, 2023 | Series B | $10.0Million | $176.0Million | - | - | Equentia Natural Resources |
| August 2, 2022 | Series B | $9.0Million | $147.0Million | - | - | OAKS, Shanaya Chinoy Trust, Fashutanaa Trust, Harvesp Tavan Trust, South Seas Distilleries and Breweries , Axis Bank, V Ocean Investments |
| October 20, 2021 | Series B | $30.0Million | $149.0Million | - | - | OAKS ,Plutus Wealth Management, V Ocean Investments |
| September 15, 2020 | Series A | $4.5Million | $15.7Million | - | - | OAKS,Protos Engineering, V Ocean Investments, SLK Software, HHC Holdings, Amgele Traders |
| April 11, 2018 | Series A | $4.0Million | $14.1Million | - | - | Aarin Capital, pi Ventures, UBR Capital, Chhattisgarh Investments, Kiran Vyapar Limited, Badulipar, Duane Park, OAKS, Narotam Sekhsaria Family Office, Chattisgarh Investment, Duane Park |
| September 6, 2017 | Seed | $2.5Million | $1.8Million | - | - | HHC Holdings Pte Ltd |