AbleCredit raises $1.25Mn seed funding led by Merak Ventures to close credit gap in emerging nations using AI
May 28, 2024•over 1 year ago
Amount Raised
$1.25 Million
Round Type
seed
BengaluruInformation TechnologyInvestors
Helios Holdings (Suraj Nalin)Venture CatalystsMerak Ventures
Description
AbleCredit, an AI credit underwriting company, has raised a seed round of $1.25Mn led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings (Suraj Nalin). The investment will enable the startup to scale its AI operations, along with business growth and expansion.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers