Debt Collections Platform Credgenics Secures $50 Million In Funding From Westbridge, Accel, Others
Amount Raised
$50 Million
Round Type
Funding Round
NoidaInformation TechnologyProfessional ServicesScience And EngineeringGovernment And MilitaryInvestors
Description
Debt collections platform Credgenics has raised $50 million in a series B round of funding. Venture investors Westbridge Capital, Accel, Tanglin Ventures, and Beams Fintech Fund led the round, the company said in a release on Wednesday.Most of these investors had participated in its previous funding round in 2021.The round has taken the valuation of the company to $340 million. Till date the company has raised around $78 million.Credgenics said that it intends to use the funds for product innovation and to expand business outside India. It will also look to enter into other segments of the banking and financial services domain
Quick answer
Credgenics raised $50 Million in a Funding Round round, dated August 9, 2023. Investors: Indifi, IREP Credit Capital, TVS Credit, Hero Fincorp, DMI Finance, HDFC Bank, Icici Bank and IIFL Finance. Credgenics is based in Noida, Uttar Pradesh, India.
- How much did Credgenics raise?
- Credgenics raised $50 Million in a Funding Round round on August 9, 2023.
- Who invested in Credgenics?
- Indifi, IREP Credit Capital, TVS Credit, Hero Fincorp, DMI Finance, HDFC Bank, Icici Bank and IIFL Finance are named as investors in this round.
- What does Credgenics do?
- Credgenics is an innovative FinTech which provides advanced loan collections and debt recovery technology solutions to Banks, Non-banking finance companies, ARCs and Digital lending firms worldwide.
- Where is Credgenics based and how big is it?
- Credgenics is based in Noida, Uttar Pradesh, India. Fundz records about 932 employees.
- Who are the decision-makers at Credgenics?
- Fundz holds 2 contacts at Credgenics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Professional Services and Science And Engineering around the same time
Companies in the same sectors as Credgenics that raised within 45 days of this round, from Fundz verified event records.
- Duos Technologies raised $5M on August 2, 2023.
- Ahura AI raised $2.7M (Seed) on September 22, 2023.
- Staffing Engine raised an undisclosed amount on September 18, 2023.
- Iceberg RevOps raised $160K (Pre-Seed) on September 18, 2023.
- Saferide Health raised $36M on September 15, 2023.
- Veza raised an undisclosed amount (Corporate Round) on September 12, 2023.
Who to call at Credgenics, and when
A new round usually means Credgenics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Credgenics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Credgenics, from your own LinkedIn network
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Related People
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