About CredAble
CredAble is a company based in Mumbai (India) founded in 2017 by Ram Kewalramani, Rajiv Ramnarayan, and Nirav Choksi.. CredAble has raised $62 million across 10 funding rounds from investors including Axis Bank, SIDBI and SLK Software. The company has 181 employees as of April 07, 2024. CredAble offers products and services including Enterprise Early Payment Platform, Receivables Financing Platform, Payments & Reconciliation Platform, Trade Platform, and Pre-Invoice Financing Platform. CredAble operates in a competitive market with competitors including KredX, Vayana, Veefin, Cashflo and Shengye Capital, among others.
- Headquarter Mumbai, India
- Employees 181 as on 07 Apr, 2024
- Founders Ram Kewalramani, Rajiv Ramnarayan, Nirav Choksi
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Equentia Scf Technologies Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.85 M (USD)183.63as on Mar 31, 2023
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Net Profit
$-2.69 M (USD)-237.91as on Mar 31, 2023
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EBITDA
$-3.36 M (USD)-241.55as on Mar 31, 2023
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Total Equity Funding
$62 M (USD)
in 10 rounds
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Latest Funding Round
$1.99 M (USD), Series B
Mar 27, 2025
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Investors
Axis Bank
& 143 more
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Employee Count
181
as on Apr 07, 2024
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Products & Services of CredAble
CredAble offers a comprehensive portfolio of products and services, including Enterprise Early Payment Platform, Receivables Financing Platform, Payments & Reconciliation Platform, Trade Platform, and Pre-Invoice Financing Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for early payments to manage working capital efficiently
Service for financing receivables to improve business cash flow
Tool for automated B2B payments and reconciliation processes
Platform for B2B marketplace and supply chain financing
Service for financing before invoices to support business operations
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Funding Insights of CredAble
CredAble has successfully raised a total of $62M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $1.99 million completed in March 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 Total Funding
- Total Rounds 10
- Last Round Series B — $2.0M
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First Round
First Round
(06 Sep 2017)
- Investors Count 144
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - CredAble | Valuation |
investors |
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| Jun, 2024 | Amount | Debt – Conventional - CredAble | Valuation |
investors |
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| Nov, 2023 | Amount | Series B - CredAble | Valuation | Equentia Natural Resources |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CredAble
CredAble has secured backing from 144 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Axis Bank, SIDBI and SLK Software. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified asset management services are provided by OAKS.
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Founded Year | Domain | Location | |
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Multiple sectors receive investments from the venture capital fund.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CredAble
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CredAble
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Credable Comparisons
Competitors of CredAble
CredAble operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KredX, Vayana, Veefin, Cashflo and Shengye Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Supply chain finance solutions and automation tools are provided.
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| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Provider of accounts payable automation, payment, compliance, and vendor management software
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Credable
Frequently Asked Questions about CredAble
When was CredAble founded?
CredAble was founded in 2017.
Where is CredAble located?
CredAble is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CredAble?
Nirav Choksi is the current CEO of CredAble. They have also founded this company.
Is CredAble a funded company?
CredAble is a funded company, having raised a total of $62M across 10 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Sep 06, 2017.
How many employees does CredAble have?
As of Apr 07, 2024, the latest employee count at CredAble is 181.
What is the annual revenue of CredAble?
Annual revenue of CredAble is $2.85M as on Mar 31, 2023.
What does CredAble do?
Founded in 2017 and headquartered in Mumbai, India, CredAble operates in the financial technology sector. Early payment options, receivables financing, and trade financing platforms are offered to support business liquidity. Digital KYC, onboarding, and embedded finance solutions are facilitated, alongside anchor-led and vendor-led supply chain finance programs. Loan management systems, pre-shipment financing, and deep-tier supply chain options are also provided.
Who are the top competitors of CredAble?
What products or services does CredAble offer?
CredAble offers Enterprise Early Payment Platform, Receivables Financing Platform, Payments & Reconciliation Platform, Trade Platform, and Pre-Invoice Financing Platform.
Who are CredAble's investors?
CredAble has 144 investors. Key investors include Axis Bank, SIDBI, SLK Software, RSH Global, and Alpha Capital.
What is CredAble's valuation?
The valuation of CredAble is $176.32M as of Nov 2023.
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