About AbleCredit
AbleCredit is a Financial Services company based in Bengaluru (India) founded in 2023 by Harshad Saykhedkar, Ashwini Prabhu, Utkarsh Apoorva, and Anubhab Bandyopadhyay. AbleCredit has raised $1.84 million across 3 funding rounds from investors including Venture Catalysts, Merak Ventures and Helios Holdings. The company has 26 employees. Its chief executive is Utkarsh Apoorva. Its Indian entity Lightbees Technologies Private Limited reported revenue of ₹1.3 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include TransUnion, Equifax, Perfios, CreditVidya and Transunion CIBIL and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
Provider of AI-powered credit decisioning solutions for MSMEs. It uses AI to analyze various data sources, including images and voice recordings, to assess creditworthiness and generate comprehensive credit reports. This enables lenders to make faster, more accurate credit decisions for borrowers lacking traditional credit history. The platform automates several aspects of the credit underwriting process, including cashflow analysis, personal discussions, and collateral document analysis, improving efficiency and reducing risk. It offers solutions for cashflow-based loans, secured lending, and invoice financing.
- Headquarters Bengaluru, India
- Employees 26
- Founders Harshad Saykhedkar, Ashwini Prabhu, Utkarsh Apoorva, Anubhab Bandyopadhyay
- SectorsFinancial Services
- Email••••••••
- Website ablecredit.com
- Social LinkedIn
- Legal Name Lightbees Technologies Private Limited
- Date of Incorporation 05 Apr, 2023
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.3 Lakh
FY 2024
- Net Loss-₹76.2 Lakh
FY 2024 · -5719% margin
- EBITDA-₹76.2 Lakh
FY 2024 · -5717% margin
- Total Equity Funding$1.84M (USD)
in 3 rounds
- Latest Funding Round$409.47K (USD), Seed
Apr 2025
- InvestorsVenture Catalysts
& 3 more
- Employee Count26
Associated legal entities of AbleCredit
AbleCredit operates through Lightbees Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lightbees Technologies Private Limited CIN U62090KA2023PTC171940 | Active | 05 Apr 2023 | Bangalore, Karnataka | ₹0.0 Cr | 28 | 3 | View details |
Funding Insights of AbleCredit
AbleCredit has successfully raised a total of $1.84M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $409.47 thousand completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.84M
- Total Rounds 3
- Last Round Seed — $409,469
- First Round $1.25M
(Feb 2024)
- Investors Count 4
All 3 funding rounds of AbleCredit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $409,469 | Seed | – | Merak Ventures | – |
| May 2024 | $179,601 | Seed | – | Venture Catalysts | |
| Feb 2024 | $1.25M | Seed | – | Merak Ventures |
4 investors in total: 3 institutional and 1 angel.
Investors in AbleCredit
AbleCredit has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Venture Catalysts, Merak Ventures and Helios Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in B2B and emerging technologies, centered in India. | 2022 | merakventures.com | Delhi, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Diversified management consulting services are provided from Chennai, India. | – | heliosholdings.tcc.mode | Chennai, India | |
SN Suraj Nalin | Founder of Credgenics, angel investor in Indian startups | – | unknown_f0f1122dfa484e3ca | - |
Investor details for AbleCredit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Lightbees Technologies Private Limited (AbleCredit)
Lightbees Technologies Private Limited is the primary company behind AbleCredit. The board of Lightbees Technologies Private Limited currently have 3 directors; the longest-serving is Ashwini Ajit Prabhu, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashwini Ajit Prabhu DIN 09573514 | Director | 05 Apr 2023 | 3 yrs 6 mo | Lightbees Technologies Private Limited |
| Utkarsh Apoorva DIN 02986754 | Director | 05 Apr 2023 | 3 yrs 6 mo | Lightbees Technologies Private Limited |
| Harshad Sanjay Saykhedkar DIN 09621878 | Director | 18 Aug 2023 | 3 yrs 1 mo | Lightbees Technologies Private Limited |
People of AbleCredit
4 people are tracked at AbleCredit (4 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for AbleCredit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of AbleCredit
Figures of Lightbees Technologies Private Limited, the primary company behind AbleCredit, for FY 2024. Revenue was ₹1.3 Lakh. Net loss was -₹76.2 Lakh (-5719% margin). EBITDA was -₹76.2 Lakh (-5717% margin).
- ₹1.3 LakhRevenue · FY 2024
- -₹76.2 LakhNet loss · -5719% margin
- -₹76.2 LakhEBITDA · -5717% margin
- ₹3.7 LakhPaid-up capital
- 28Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Lightbees Technologies Private Limited are on its company page.
Detailed financial statements for AbleCredit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of AbleCredit
3 dated milestones of AbleCredit across 2 years, from founding to its latest funding, stage changes and deals.
- Founded AbleCredit is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Seed, of $409K.
Competitors of AbleCredit
AbleCredit has 9 listed competitors in our database, 6 of them funded. They include TransUnion, Equifax, Perfios, CreditVidya and Transunion CIBIL, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| transunion.com | 1968 | Chicago, United States | – | 834 | Provider of credit scoring data for consumers and businesses | |
| equifax.com | 1899 | Atlanta, United States | – | 1,691 | Credit score data is provided online for businesses and individuals. | |
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| creditvidya.com | 2012 | Hyderabad, India | $10.41M | 62 | Online platform for credit scoring and financial services is developed. | |
| transunioncibil.com | 2000 | Mumbai, India | – | 865 | Credit scores and reports are supplied for loan assessments. | |
| karmalife.ai | 2020 | Bengaluru, India | $9.02M | 117 | Subscription-based payday loans are provided to blue-collar workers digitally. | |
| cibil.com | 2000 | Mumbai, India | $19.1M | 867 | Credit scoring data and customer information provider | |
| karza.in | 2015 | Mumbai, India | $1.18M | 1,241 | AI-powered financial data analysis and decision support are provided. | |
| crifhighmark.com | 2005 | Mumbai, India | $8.79M | 238 | Provider of a credit scoring solution for businesses |
Detailed competitors of AbleCredit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AbleCredit
The website of AbleCredit (ablecredit.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 34% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as AbleCredit (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Ablecredit
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Frequently Asked Questions about AbleCredit
AbleCredit was founded in 2023 and raised its 1st funding round 1 year after it was founded.
AbleCredit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Utkarsh Apoorva is the current CEO of AbleCredit. They have also founded this company.
AbleCredit is a funded company, having raised a total of $1.84M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.25M, raised on Feb 2024.
AbleCredit has 26 employees.
The primary company behind AbleCredit, Lightbees Technologies Private Limited, reported revenue of ₹1.3 Lakh for FY 2024.
Provider of AI-powered credit decisioning solutions for MSMEs. It uses AI to analyze various data sources, including images and voice recordings, to assess creditworthiness and generate comprehensive credit reports. This enables lenders to make faster, more accurate credit decisions for borrowers lacking traditional credit history. The platform automates several aspects of the credit underwriting process, including cashflow analysis, personal discussions, and collateral document analysis, improving efficiency and reducing risk. It offers solutions for cashflow-based loans, secured lending, and invoice financing.
AbleCredit's top competitors include TransUnion, Perfios and Equifax.
AbleCredit has 4 investors. Key investors include Venture Catalysts, Merak Ventures, Helios Holdings, and Suraj Nalin.
AbleCredit operates through Lightbees Technologies Private Limited.
The legal entities of AbleCredit currently have 3 directors, including Ashwini Ajit Prabhu, Harshad Sanjay Saykhedkar, Utkarsh Apoorva.