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CredRight is a digital lending fintech platform that facilitates institutional loans to micro, small, and medium enterprises using alternate data.
Basic Information
CredRight is a digital lending fintech platform that facilitates institutional loans to micro, small, and medium enterprises using alternate data. The platform aims to help enterprises that are credit-starved and have no data or collateral to offer and are unable to get loans from banks or NBFCs. They use customer’s chit payment data to build the credit profile and then facilitate loans. The company’s end-to-end digital journey helps customers in getting a fast, hassle-free loan.
Legal Name
:
Credright Private Limited
Headquarters
:
Hyderabad, Telangana, India
Founding Date
:
2016
No. of Employees
:
61 to 100
Core Team
:
1.  
Neeraj Bansal
Founder & CEO
Timeline

2016

Company Incorporation

May | Company Incorporation

Incorporate CredRight to start the Entreprenurial journey.

2017

Started Generating Revenue

Apr | Started Generating Revenue

We came out of stealth mode and started getting loans disbursed.

2018

Raised Funding

Jul | Raised Funding

Raised funding from VCs and Angels.

Target Market
B2C
Proprietors and Small Business Owners.
User Age
:
35 to 45,  46 to 60  
User Income
:
Lower-middle Income  
Location
:
Funding

Total Funding

$13.4M

Investors
:
1.  
SPEARHEAD CAPITAL
2.  
Accion Venture Lab
3.  
Michael & Susan Dell Foundation
4.  
YourNest Venture Capital

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Detail Round Breakdown
Round 1
Round 2

$2.7M

Series Name
:
VENTURE-ROUND
Date
:
23rd Sep 2021
Investors
:
1.  
9Unicorns
2.  
Venture Catalysts
3.  
YourNest Venture Capital
4.  
Accion Venture Lab

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