About ProCredit
ProCredit is a company based in Makati (Philippines) founded in 2023 by Dwaipayan Mitra and Adnan Agha.. ProCredit has raised $4.1 million across 1 funding round from investors including Integra Partners, Menardo Jimenez Family Office and M-Venture Partners. ProCredit operates in a competitive market with competitors including Salmon, Mynt, CreditEnable, Esquire Financing and Easycreditx, among others.
- Headquarter Makati, Philippines
- Founders Dwaipayan Mitra, Adnan Agha
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.1 M (USD)
in 1 rounds
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Latest Funding Round
$4.1 M (USD), Seed
Feb 26, 2024
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Investors
Integra Partners
& 4 more
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Employee Count
Employee Count
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Funding Insights of ProCredit
ProCredit has successfully raised a total of $4.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.1 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 1
- Last Round Seed — $4.1M
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First Round
First Round
(26 Feb 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - ProCredit | Valuation | Integra Partners |
| 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 ProCredit
ProCredit has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Integra Partners, Menardo Jimenez Family Office and M-Venture Partners. 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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Venture capital firm focused on financial services and digital healthcare
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage investments are made in innovative startup ventures by MVP.
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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 ProCredit
| 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 - ProCredit
| 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 |
Procredit Comparisons
Competitors of ProCredit
ProCredit 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 Salmon, Mynt, CreditEnable, Esquire Financing and Easycreditx, 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 |
Business and consumer loans are provided via an online platform.
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| domain | founded_year | HQ Location |
Mynt is recognized as a provider of financial technology solutions.
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| domain | founded_year | HQ Location |
Business loans are connected via an online marketplace for SMEs.
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| domain | founded_year | HQ Location |
SME loans are provided to businesses in the Philippines.
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| domain | founded_year | HQ Location |
Provides online loan solutions for various financial needs.
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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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Frequently Asked Questions about ProCredit
When was ProCredit founded?
ProCredit was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is ProCredit located?
ProCredit is headquartered in Makati, Philippines. It is registered at Makati, National Capital Region, Philippines.
Is ProCredit a funded company?
ProCredit is a funded company, having raised a total of $4.1M across 1 funding round to date. The company's 1st funding round was a Seed of $4.1M, raised on Feb 26, 2024.
What does ProCredit do?
ProCredit was founded in 2023 in Makati, Philippines, within the financial services sector. Financing options are extended to small and medium-sized enterprises using a credit-focused method that involves senior decision-maker participation. Detailed records are collected after an initial agreement, and approvals are finalized once essential commercial conditions are set. Applications are processed through direct meetings and paper-based submissions.
Who are the top competitors of ProCredit?
ProCredit's top competitors include Salmon, Mynt and CreditEnable.
Who are ProCredit's investors?
ProCredit has 5 investors. Key investors include Integra Partners, Menardo Jimenez Family Office, M-Venture Partners, Cento Ventures, and Gobi Partners.
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