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CredAble rocks fintech with INR 45k+ crore financing in one year

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TLDR:

  • CredAble, a fintech company specializing in working capital solutions, has facilitated over INR 45,000 crore in financing across its platforms in the past year.
  • The company’s trade platforms have enabled transactions of over INR 5,000 crore, marking the start of a new product journey that complements their existing solutions.

CredAble, India’s only full-stack fintech company specializing in working capital solutions, has marked a year of innovation by facilitating over INR 45,000 crore in financing across its platforms. The company has also seen success in its trade finance offerings, with transactions totaling over INR 5,000 crore. CredAble’s captive non-banking financial company (NBFC) processed MSME invoices totaling over INR 900 crore and achieved INR 2,000 crore in annualized disbursements in the past 12 months.

CredAble’s comprehensive infrastructure aims to address the working capital gap faced by businesses in India, which amounts to $375 billion. The company plays a crucial role in driving financial empowerment for MSMEs, which often face funding challenges. CredAble’s platform boasts an impressive user base, with over 275,000 SMEs, 125+ corporates, and collaborations with 35 large financial institutions.

Looking ahead, CredAble aims to achieve a 100% increase in SME transactions and maintain cost-effectiveness in the next calendar year. The company is committed to fostering financial inclusion and providing tailored solutions that empower MSMEs to navigate their financial ecosystem.

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