About CreditMate
CreditMate is a company based in Mumbai (India) founded in 2016 by Swati Lad was acquired by Paytm in October 2021.. CreditMate has raised $2.65 million across 2 funding rounds from investors including Paytm and India Quotient. The company has 80 employees as of December 31, 2024. CreditMate operates in a competitive market with competitors including Data Sutram, Kuwy, Creditas, Perpetuity Capital and DebtBook, among others.
- Headquarter Mumbai, India
- Employees 80 as on 31 Dec, 2024
- Founders Swati Lad
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial 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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Annual Revenue
$2.01 M (USD)109as on Mar 31, 2024
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Net Profit
$-173.32 K (USD)64as on Mar 31, 2023
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EBITDA
$-78.91 K (USD)80as on Mar 31, 2023
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Total Equity Funding
$2.65 M (USD)
in 2 rounds
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Latest Funding Round
$2.15 M (USD), Seed
Nov 22, 2017
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Investors
Paytm
& 1 more
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Employee Count
80
as on Dec 31, 2024
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Acquired by
Paytm
(Oct 02, 2021)
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $2.2M
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First Round
First Round
(25 Oct 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Seed - CreditMate | Valuation | Paytm |
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| Oct, 2016 | Amount | Seed - CreditMate | Valuation |
investors |
| 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 CreditMate
CreditMate has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Paytm and India Quotient. 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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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location | |
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Digital payments, financial services, and e-commerce platforms are provided.
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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 CreditMate
| 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 - CreditMate
| 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 |
Creditmate Comparisons
Competitors of CreditMate
CreditMate 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 Data Sutram, Kuwy, Creditas, Perpetuity Capital and DebtBook, 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 |
Platform offering external data insights for enterprises across the customer lifecycle
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| domain | founded_year | HQ Location |
Automotive financing is provided via an app-based marketplace.
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| domain | founded_year | HQ Location |
Provider of customer engagement solutions to financial institutions
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| domain | founded_year | HQ Location |
Online auto loans for vehicles are provided through digital platforms.
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| domain | founded_year | HQ Location |
Cloud-based debt management software is offered for organizations.
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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 Creditmate
Frequently Asked Questions about CreditMate
When was CreditMate founded?
CreditMate was founded in 2016.
Where is CreditMate located?
CreditMate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is CreditMate a funded company?
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 25, 2016.
How many employees does CreditMate have?
As of Dec 31, 2024, the latest employee count at CreditMate is 80.
What is the annual revenue of CreditMate?
Annual revenue of CreditMate is $2.01M as on Mar 31, 2024.
What does CreditMate do?
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.
Who are the top competitors of CreditMate?
CreditMate's top competitors include Data Sutram, Creditas and DebtBook.
Who are CreditMate's investors?
CreditMate has 2 investors. Key investors include Paytm, and India Quotient.
What is CreditMate's valuation?
The valuation of CreditMate is $7M as of Nov 2017.
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