CredAble provides liquidity programs for enterprise supply chains.
CredAble's programs address working capital challenges facing large enterprises and their suppliers and distributors.
We use our trade finance and technology product expertise, trade financing partnerships and a world-class technology platform to deliver largescale supply chain funding programs efficiently.
CredAble’s funding programs fall into two broad categories -- Post-invoice and Pre-invoice programs:
Post-invoice funding programs include an Early Payment Program for Suppliers and a Distributor Receivables Funding Program for Enterprise Clients.
The Early Payment Program for Suppliers arranges liquidity for suppliers of enterprise clients by way of early payments of invoices in exchange for trade discounts offered by suppliers. Within a few clicks on CredAble’s digital platform, suppliers turn their receivables into cash without having to borrow and enterprise clients turn their payables into income or can choose to maintain or extend their days payable.
The Distributor Receivables Funding Program for Enterprise Clients monetizes a client’s receivables from dealer and distributor networks while providing the flexibility for distributors to maintain or extend credit periods.
Pre-invoice funding programs are offered to suppliers in select sectors such as logistics, transportation, facilities management, raw materials and packaging materials among others. Service providers access Just-In-Time Funding on fulfillment of services or delivery of products and prior to invoicing. Operational and financial risks are managed using an innovative technology-enabled monitoring and credit assessment framework.
Investors in CredAble at the current Series A stage are led by Alpha Capital, an India focused investment manager investing in consumer focused and/or disruptive technology-enabled businesses run by seasoned leadership teams.
CredAble's programs address working capital challenges facing large enterprises and their suppliers and distributors.
We use our trade finance and technology product expertise, trade financing partnerships and a world-class technology platform to deliver largescale supply chain funding programs efficiently.
CredAble’s funding programs fall into two broad categories -- Post-invoice and Pre-invoice programs:
Post-invoice funding programs include an Early Payment Program for Suppliers and a Distributor Receivables Funding Program for Enterprise Clients.
The Early Payment Program for Suppliers arranges liquidity for suppliers of enterprise clients by way of early payments of invoices in exchange for trade discounts offered by suppliers. Within a few clicks on CredAble’s digital platform, suppliers turn their receivables into cash without having to borrow and enterprise clients turn their payables into income or can choose to maintain or extend their days payable.
The Distributor Receivables Funding Program for Enterprise Clients monetizes a client’s receivables from dealer and distributor networks while providing the flexibility for distributors to maintain or extend credit periods.
Pre-invoice funding programs are offered to suppliers in select sectors such as logistics, transportation, facilities management, raw materials and packaging materials among others. Service providers access Just-In-Time Funding on fulfillment of services or delivery of products and prior to invoicing. Operational and financial risks are managed using an innovative technology-enabled monitoring and credit assessment framework.
Investors in CredAble at the current Series A stage are led by Alpha Capital, an India focused investment manager investing in consumer focused and/or disruptive technology-enabled businesses run by seasoned leadership teams.
Location: India, Maharashtra, Mumbai
Employees: 51-200
Phone: +91 22 4926 6900
Total raised: $8.11M
Founded date: 2017
Funding Rounds 2
| Date | Series | Amount | Investors |
| 13.06.2024 | - | $3.59M | SIDBI |
| - | - | $4.51M | - |
Mentions in press and media 7
| Date | Title | Description |
| 14.06.2024 | CredAble's Remarkable Journey in the Fintech Landscape: A Story of Growth and Empowerment | In the fast-paced world of fintech, CredAble has emerged as a shining star, securing Rs 30 crore in debt funding from SIDBI to fuel its expansion and support MSMEs and women-led businesses in India. Founded in 2017 by the visionary duo of N... |
| 13.06.2024 | CredAble Receives INR 30 Cr from SIDBI to Support MSMEs and Women-Led Businesses The Axis Bank-backed lender aims to use the funding to expand its operations and bridge the funding gap for MSMEs and w... | Working capital fintech platform CredAble has announced the raising of INR 30 crore in debt funding from the Small Industries Development Bank of India (SIDBI) to scale up its operations and support MSMEs and women-led businesses in India. ... |
| 13.06.2024 | Fintech startup CredAble raised Rs 30 Cr from SIDBI | CredAble, a fintech startup, has secured debt funding from SIDBI totalling Rs 30 crore ($3.6 million). CredAble stated in a press release that the fund will be utilized to expand its operations and provide MSMEs and women-led businesses in ... |
| 08.05.2022 | Indian fintech firm bags $9m from major local bank, others | FintechInvestmentsNewsStartups Aditya Hadi Pratama · 1d ago · 1 min readIndian fintech firm bags $9m from major local bank, others CredAble, an India-based fintech firm, has raised US$9 million from Axis Bank, one of the largest banks in In... |
| 30.03.2022 | 🇮🇳 Roundup: CredAble says it disbursed $3b in 2021 | InvestmentsNewsStartups Kul Bhushan · 1d ago · 1 min read🇮🇳 Roundup: CredAble says it disbursed $3b in 2021 Startups in India, including Pine Labs, CityMall, FarMart, Seekho, Pi Beam, Upcred, and OSlash, have raised at least US$167.1 millio... |
| - | CredAble | “CredAble is a FinTech focused on solving the Working Capital Financing challenges of Financial Institutions, Enterprise Ecosystems & SMEs through our 3 core verticals Trade, Credit & Payments.” |
| - | Exclusive: CredAble Raises INR 33.18 Cr From V’Ocean Investment & Others | Mumbai-based fintech startup CredAble has raised INR 33.18 Cr ($4.5 Mn) from existing investors Oaks Assets Management (formerly Alpha Capital) and V’Ocean Investment. While V’Ocean’s Funds have been credited, the funds from Oaks Asset Mana... |