About CreditMate
CreditMate is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2016 by Swati Lad, and was acquired by Paytm in October 2021. Overdue payments are collected from borrowers for multiple lenders. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. CreditMate has raised $2.65 million across 2 funding rounds from investors including Paytm and India Quotient. The company has 80 employees. CreditMate was last valued at $7 million in November 2017. Its website creditmate.in draws about 148 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Data Sutram, Kuwy and Creditas; 3 of its 3 listed competitors have raised funding.
Company details
CreditMate was established in 2016 in Mumbai, India, as a platform in the financial collections sector. Overdue loan repayments are managed on behalf of lenders by facilitating recovery from borrowers. Authorization has been obtained from more than 30 lenders to handle these collections. Operations focus on streamlining payment recovery processes within the Indian credit market.
- Headquarters Mumbai, India
- Employees 80
- Founders Swati Lad
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website creditmate.in/lender
- Social LinkedIn X Facebook
- Acquired by Paytm (Oct 2021)
Associated legal entities of CreditMate
CreditMate is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ocl Tech Platforms Limited CIN U67100DL2010PLC211612 | Active | 21 Dec 2010 | New Delhi, Delhi | ₹33.3 Cr | 6 | 8 | View details |
| Urja Money Private Limited CIN U93000MH2012PTC237284 | Active | 30 Oct 2012 | Mumbai, Maharashtra | ₹18.6 Cr | 5 | 4 | View details |
Funding Insights of CreditMate
CreditMate has successfully raised a total of $2.65M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.15 million completed in November 2017. 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 $2.65M
- Total Rounds 2
- Last Round Seed — $2.15M
- First Round $500,000
(Oct 2016)
- Investors Count 2
All 2 funding rounds of CreditMate 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 |
|---|---|---|---|---|---|
| Nov 2017 | $2.15M | Seed | $7M | Paytm | – |
| Oct 2016 | $500,000 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2017 | $7M | •••••••• |
Last known valuation $7M (Nov 2017). 2 investors in total: 2 institutional.
Investors in CreditMate
CreditMate has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Paytm and India Quotient.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India |
Investor details for CreditMate
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 CreditMate
The boards of the 2 registered companies of CreditMate currently have 9 directors; the longest-serving is Sanjeev Garg, appointed in 2022. 34 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjeev Garg DIN 06922778 | Director | 22 Feb 2022 | 4 yrs 8 mo | Ocl Tech Platforms Limited |
| Syed Zulfiqar Ali DIN 09621002 | Whole-time director | 25 Jul 2022 | 4 yrs 3 mo | Urja Money Private Limited |
| Puneet Agarwal DIN 08292947 | Director | 21 Apr 2023 | 3 yrs 6 mo | Urja Money Private Limited |
| Rohit Lohia DIN 06578066 | Director | 28 Aug 2023 | 3 yrs 1 mo | Ocl Tech Platforms Limited |
| Avijit Jain DIN 10805222 | Director | 15 Oct 2024 | 2 yrs | Urja Money Private Limited |
| Kiran Jain DIN 07653977 | CEO | 07 Feb 2025 | 1 yr 8 mo | Ocl Tech Platforms Limited |
| Ripunjai Gaur DIN 09182435 | Additional Director | 01 Oct 2025 | 1 yr | Urja Money Private Limited |
| Madhur Deora DIN 07720350 | Whole-time director | 16 Oct 2025 | 1 yr | Ocl Tech Platforms Limited |
| Rakhi Singh DIN 08334253 | Additional Director | 05 Dec 2025 | 10 mo | Ocl Tech Platforms Limited |
People of CreditMate
1 people are tracked at CreditMate (1 in leadership); the tracked headcount is 80.
| Name | Role | Group |
|---|---|---|
Swati Lad | Co-Founder | Leadership |
Complete people profiles for CreditMate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of CreditMate
Figures of Ocl Tech Platforms Limited, the primary company behind CreditMate, for FY 2025. Revenue was ₹33.25 Cr (+1801% year on year). Net profit was ₹2.01 Cr (6% margin). EBITDA was ₹6.59 Cr (20% margin). Revenue has grown at a compounded annual rate of +261% over three years and +120% over five years.
- ₹33.25 CrRevenue · FY 2025 · +1801% YoY
- ₹2.01 CrNet profit · 6% margin
- ₹6.59 CrEBITDA · 20% margin
- ₹83.15 CrPaid-up capital
- 6Employees (provident fund records)
- +261%Revenue CAGR, 3 years
- +120%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ocl Tech Platforms Limited are on its company page.
Detailed financial statements for CreditMate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of CreditMate
5 dated milestones of CreditMate across 5 years, from founding to its latest funding, stage changes and deals.
- Founded CreditMate is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Seed, of $2.2M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Paytm.
Competitors of CreditMate
CreditMate has 3 listed competitors in our database, 3 of them funded. They include Data Sutram, Kuwy and Creditas.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| datasutram.com | 2018 | Mumbai, India | $14.74M | 72 | Platform offering external data insights for enterprises across the customer lifecycle | |
| kuwy.in | 2017 | Chennai, India | $7.02M | 471 | Automotive financing is provided via an app-based marketplace. | |
| creditas.in | 2015 | Delhi, India | $6.02M | 447 | Provider of customer engagement solutions to financial institutions |
Detailed competitors of CreditMate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CreditMate
The website of CreditMate (creditmate.in) receives about 148.5K visits a month.
- Monthly visits148.5K
▲ 40.5% vs previous month
Websites whose visitors overlap most with CreditMate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yourhrworld.com | 100% | #1,701,276 | View details | ||
| investharyana.in | 86% | #267,441 | View details | ||
| biodatamaker.app | 86% | #207,549 | View details | ||
| payworldindia.com | 86% | 726.5K | #83,498 | View details | |
| svcbank.com | 52% | 138.4K | #165,893 | View details |
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as CreditMate (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Creditmate
Complete news archive for CreditMate
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Frequently Asked Questions about CreditMate
CreditMate was founded in 2016.
CreditMate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
CreditMate is a funded company, having raised a total of $2.65M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Oct 2016.
CreditMate has 80 employees.
Annual revenue of CreditMate is $2.01M as on Mar 31, 2024.
CreditMate was established in 2016 in Mumbai, India, as a platform in the financial collections sector. Overdue loan repayments are managed on behalf of lenders by facilitating recovery from borrowers. Authorization has been obtained from more than 30 lenders to handle these collections. Operations focus on streamlining payment recovery processes within the Indian credit market.
CreditMate's top competitors include Data Sutram, Creditas and Kuwy.
CreditMate has 2 investors. Key investors include Paytm, and India Quotient.
The valuation of CreditMate is $7M as of Nov 2017.
CreditMate is associated with 2 legal entities: Ocl Tech Platforms Limited, Urja Money Private Limited.
Yes. CreditMate was acquired by Paytm in October 2021.
The legal entities of CreditMate currently have 10 directors, including Rakhi Singh, Madhur Deora, Hemlata Mishra and others.