About Creditas
Creditas is a company based in Delhi (India) founded in 2015 by Madanagopal Srinivasan and Anshuman Panwar. Creditas has raised $6.02 million across 5 funding rounds from investors including Italica, 1Crowd and United CP. The company has 361 employees as of March 30, 2024. Creditas operates in a competitive market with competitors including InDebted, Valon Mortgage, CreditMate, Clerkie and Data Sutram, among others.
- Headquarter Delhi, India
- Employees 361 as on 30 Mar, 2024
- Founders Madanagopal Srinivasan, Anshuman Panwar
- Stage Minicorn
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Sectors
Financial Services
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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 Creditas Solutions Private Limited
- Date of Incorporation 15 Nov, 2014
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$3.63 M (USD)7.14as on Mar 31, 2023
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Net Profit
-$1.08 M (USD)-1741.62as on Mar 31, 2023
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EBITDA
-$618.19 K (USD)-264.49as on Mar 31, 2023
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Total Equity Funding
$6.02 M (USD)
in 5 rounds
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Latest Funding Round
$3.13 M (USD), Seed
Feb 01, 2024
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Investors
Italica
& 43 more
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Employee Count
361
as on Mar 30, 2024
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People of Creditas
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Funding Insights of Creditas
Creditas has successfully raised a total of $6.02M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.13 million completed in February 2024. 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 5
- Last Round Seed — $3.1M
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First Round
First Round
(29 Mar 2015)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Creditas | Valuation | Asia Impact Invest |
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| Jun, 2023 | Amount | Seed - Creditas | Valuation | Asia Impact Invest |
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| Jun, 2017 | Amount | Seed - Creditas | Valuation | Infina Finance |
Investors in Creditas
Creditas has secured backing from 44 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Italica, 1Crowd and United CP.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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High-impact investments are managed across multiple sectors by this firm.
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Founded Year | Domain | Location | |
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A family office is operated from Singapore and Mumbai bases.
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Founded Year | Domain | Location | |
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Early-stage venture capital investment firm
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Founded Year | Domain | Location |
Investments & Acquisitions by Creditas
Financial Statements - Creditas
Creditas Comparisons
Competitors of Creditas
Creditas 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 InDebted, Valon Mortgage, CreditMate, Clerkie and Data Sutram, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based debt collection solutions are offered to businesses.
|
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| domain | founded_year | HQ Location |
Cloud-native marketplace for mortgage loans
|
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| domain | founded_year | HQ Location |
Overdue payments are collected from borrowers for multiple lenders.
|
|
| domain | founded_year | HQ Location |
Platform for loan servicing and credit score building through debt management
|
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| domain | founded_year | HQ Location |
Platform offering external data insights for enterprises across the customer lifecycle
|
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| domain | founded_year | HQ Location |
Data-driven debt management solutions are offered for multiple industries.
|
Frequently Asked Questions about Creditas
Creditas was founded in 2015.
Creditas is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Creditas is a funded company, having raised a total of $6.02M across 5 funding rounds to date. The company's 1st funding round was a Seed of $604.15K, raised on Mar 29, 2015.
As of Mar 30, 2024, the latest employee count at Creditas is 361.
Annual revenue of Creditas is $3.63M as on Mar 31, 2023.
Creditas was founded in 2015 and is based in Delhi, India. Operations focus on the financial services sector, where AI-enabled solutions are offered for late-stage recovery, early-stage collections, and cross-selling. Services include data enhancement, validation, financial awareness tools, AI bots, communication engines, legal claims recovery, profiling, and business intelligence. These are tailored for institutions handling customer interactions.
Creditas's top competitors include Valon Mortgage, InDebted and CreditMate.
Creditas has 44 investors. Key investors include Italica, 1Crowd, United CP, Infina Finance, and Asia Impact Invest.
The valuation of Creditas is $28.04M as of Feb 2024.