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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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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.
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 |
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Investment in Indian startups across technology and fintech sectors.
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Digital payments, financial services, and e-commerce platforms are provided.
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Investor details for CreditMate
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Investments & Acquisitions by CreditMate
Investment portfolio details for CreditMate
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Financial Statements - CreditMate
Detailed financials for CreditMate
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Creditmate Comparisons
Peer comparison for CreditMate
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform offering external data insights for enterprises across the customer lifecycle
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Automotive financing is provided via an app-based marketplace.
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Provider of customer engagement solutions to financial institutions
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Online auto loans for vehicles are provided through digital platforms.
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Cloud-based debt management software is offered for organizations.
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Detailed competitors of CreditMate
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Latest news on 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.
As of Dec 31, 2024, the latest employee count at CreditMate is 80.
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 DebtBook.
CreditMate has 2 investors. Key investors include Paytm, and India Quotient.
The valuation of CreditMate is $7M as of Nov 2017.