Recur Club bags $50M led by InfoEdge Ventures to scale AI-native debt marketplace for startups, SMEs
Recur Club will use the fresh capital to fund product expansion, technology investment, and deeper reach into Tier II and Tier III markets.
Fintech company has raised $50 million to expand its AI-native debt marketplace for startups and SMEs.
The round comprises $8 million in equity led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and Finvolveia, alongside $42 million in committed debt allocation from Incred, Ugro Capital, and Lighthouse Canton.
The company said the fresh capital will be used to fund product expansion, technology investment, and deeper reach into Tier II and Tier III markets.
Founded in 2019, Recur Club connects companies looking to raise debt with more than 100 institutional lenders through a marketplace model. The platform covers over 30 debt products including cashflow financing, working capital, venture debt, asset financing, and structured credit.
According to the company, it has connected more than 2,000 companies with over 100 institutional lenders across 30-plus debt products, including working capital, asset financing, invoice discounting, structured debt, venture debt and lease financing, spanning sectors from SaaS and tech services to manufacturing, pharma, solar and agriculture.
Since inception, the platform claims to have facilitated over Rs 3,000 crore in debt sanctions for companies such as MoveInSync, Zypp, Sagar Asia, Kimbal, Captain Fresh and Palmonas.
At the center of the pitch is Recur’s in-house AI underwriting and matchmaking stack. According to a statement by the company, Recur brands this engine “AICA,” an AI Credit Analyst that it says is trusted by over 100+ banks, NBFCs, and credit funds, cutting more than 80% of the time spent on data collection, due diligence, and deal execution.
Sherwal added that Recur Club has evolved from focusing solely on SaaS and tech companies into catering for mid-sized corporates and SMEs in sectors like manufacturing, solar, and EVs. “We are not just about one-time loans,” he said.
“We act as an in-debt investment banker, structuring the right debt at the right stage of a company’s growth”
Co-founder and Co-CEO Eklavya Gupta said, “By 2030, our ambition is to power 2% of India’s $1 trillion SME and startup debt market by making debt accessible like flowing water.
The fundraise has drawn support from existing and new investors betting on AI-driven credit flows. Amit Behl, Partner at InfoEdge, said: “AI is transforming industries worldwide, but corporate lending in India has remained slow and relationship based. Recur Club is changing that. By building a full-stack debt marketplace with AI at its core, they are making capital faster, smarter, and truly founder-first. This is not just an incremental improvement—it is a fundamental reset of how credit flows to businesses in India.”
Edited by Megha Reddy