AbleCredit raises $1.25Mn seed funding led by Merak Ventures to close credit gap in emerging nations using AI
Amount Raised
$1.25 Million
Round Type
Seed
BengaluruInformation TechnologyArtificial IntelligenceMachine LearningNatural Language ProcessingInvestors
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.
Quick answer
AbleCredit raised $1.25 Million in a Seed round, dated May 28, 2024. Investors: Helios Holdings (Suraj Nalin), Venture Catalysts and Merak Ventures. AbleCredit is based in Bengaluru, Karnataka, India.
- How much did AbleCredit raise?
- AbleCredit raised $1.25 Million in a Seed round on May 28, 2024.
- Who invested in AbleCredit?
- Helios Holdings (Suraj Nalin), Venture Catalysts and Merak Ventures are named as investors in this round.
- What does AbleCredit do?
- AbleCredit is your friendly, supportive credit assistant.
- Where is AbleCredit based and how big is it?
- AbleCredit is based in Bengaluru, Karnataka, India. Fundz records about 2 employees.
- Who are the decision-makers at AbleCredit?
- Fundz holds 1 contact at AbleCredit. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and Artificial Intelligence around the same time
Companies in the same sectors as AbleCredit that raised within 45 days of this round, from Fundz verified event records.
- Rohirrim raised an undisclosed amount (Series A) on July 10, 2024.
- Simplismart raised $7M (Funding Round) on July 10, 2024.
- Quantum Rise raised $15M (Seed) on July 5, 2024.
- Dubme.io raised $1.1M (Pre-Seed) on July 4, 2024.
- Solidroad raised $1.2M (Seed) on July 4, 2024.
- Smartcat raised $43M on July 3, 2024.
Who to call at AbleCredit, and when
A new round usually means AbleCredit is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day AbleCredit raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at AbleCredit, from your own LinkedIn network
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Related People
AbleCredit raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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