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Indian fintech start-up Credgenics secures $50m Series B funding | Fintech InShorts: Latest fintech news, analysis by experts

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Indian fintech start-up Credgenics secures $50m Series B funding

By Laura M

August 12, 2023

Debt collection SaaS platform Credgenics secures $50 million in Series B funding led by Westbridge Capital, expanding its innovative debt resolution solutions across markets.

Facts

Credgenics raises $50 million in Series B funding at a valuation of $340 million.
Led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund, and other strategic investors.
Launched in 2019, Credgenics operates in India and Southeast Asia.
Offers debt resolution solutions including digital collections, analytics, litigation management, mobile app, agent performance management, and AI-powered payments.
Claims over 100 clients, achieving 7x revenue growth since 2021 Series A funding.
CEO Rishabh Goel: Funding extends innovative debt recovery to new markets, empowering businesses for loan collections.
Capital to be used for product development, global expansion, and entry into various financial segments.

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