CredAble - About the company
CredAble is a series B company based in Mumbai (India), founded in 2017 by Nirav Choksi, Rajiv Ramnarayan and Ram Kewalramani. It operates as a Provider of working capital financing solutions for businesses. CredAble has raised $60M in funding from investors like OAKS, Axis Bank and Alpha Capital, with a current valuation of $176M. The company has 91 active competitors, including 24 funded and 3 that have exited. Its top competitors include companies like Vayana, KredX and Veefin.
Company Details
Provider of working capital financing solutions for businesses. It offers various financing options, including invoice discounting, purchase order financing, and pre-invoice financing, to meet the diverse needs of small and medium-sized enterprises (SMEs) and large corporations. The platform facilitates seamless credit flow by connecting businesses with financial institutions. It also provides technology-driven solutions for trade finance, payments, and reconciliation, streamlining business processes and enhancing efficiency. The company's services are designed to improve liquidity management and support business growth.
- Website
- Social
- Email ID
- @credable.in
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series B
Total Funding
in 9 rounds
Latest Funding Round
Post Money Valuation
as on Nov 27, 2023
Investors
Ranked
4th among 91 active competitors
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Feb 28, 2025
Similar Companies
&
Legal entities associated with CredAble
CredAble is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Mar 16, 2017 | $56.7M (as on Mar 31, 2024) | 487 | 471 | |
Oct 29, 2017 | $5M (as on Mar 31, 2023) | 909 | 197 |
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CredAble's funding and investors
CredAble has raised a total funding of $60M over 9 rounds. Its first funding round was on Sep 06, 2017. Its latest funding round was a Conventional Debt round on Jun 12, 2024 for $3.59M. 1 investor participated in its latest round, which include DTOS, , and .
CredAble has 48 institutional investors including OAKS, Axis Bank and Alpha Capital. V Ocean Investments is the largest institutional investor in CredAble. There are 103 Angel Investors in CredAble.
Here is the list of recent funding rounds of CredAble:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jun 12, 2024 | $3.59M | Conventional Debt | 2959155 | 3293295 | |
Nov 27, 2023 | $10M | Series B | 1039195 | 3851946 | |
Aug 02, 2022 | $9M | Series B | 6726336 | 9511443 |
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CredAble's founders and board of directors
The founders of CredAble are Nirav Choksi, Rajiv Ramnarayan and Ram Kewalramani. Nirav Choksi is the CEO of CredAble. Nirav Choksi has founded 2 more companies - and UpScale. Rajiv Ramnarayan has founded 1 more company - .
CredAble's board has 3 active members. Nirav Choksi and Rajiv Ramnarayan are part of team and is independent board member.
View details of CredAble's Founder profiles and Board Members
CredAble's employee count trend
CredAble has 113 employees as of Feb 25. The total employee count is 53.1% lower than what it was in Feb 24. Here is CredAble's employee count trend over the years:
Uncover CredAble's growth story! Sign up today!CredAble's Competitors and alternates
Top competitors of CredAble include Vayana, KredX and Veefin. Here is the list of Top 10 competitors of CredAble, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Online lending platform for supply chain financing and invoice financing | $89.2M | Brindavan Environmental Partners, March CapitalÌý&²¹³¾±è;Ìý | 68/100 | |
2nd | Provider of supply chain finance solutions and automation | $33M | Prime Venture Partners, Peak XV PartnersÌý&²¹³¾±è;Ìý | 67/100 | |
3rd | Provider of SaaS pricing-based supply chain financing solutions | $3M | GTR VenturesÌý&²¹³¾±è;Ìý | 65/100 | |
4th | Provider of working capital financing solutions for businesses | $60M | DTOS, Ìý&²¹³¾±è;Ìý | 62/100 | |
5th | Cloud-enabled accounts payable automation platform | $12.8M | GTM Ventures, Elevation CapitalÌý&²¹³¾±è;Ìý | 59/100 | |
6th | Blockchain-based marketplace for supply chain financing | $7M | AdvantEdge, Z47Ìý&²¹³¾±è;Ìý | 54/100 | |
7th | Provider of digital bill discounting and trade finance solutions for MSMEs and corporates | $1.33M | 52/100 | ||
8th |  Vayana TradeXchange 2022, Gandhinagar (India), Funding Raised | Online platform for trade financing | - | 50/100 | |
9th | Provider of AI-powered solutions for cross-border trade | $1.25M | Axilor Ventures, Capital AÌý&²¹³¾±è;Ìý | 48/100 | |
10th | AI and cloud-enabled end-to-end procurement management solutions | $3.99M | CORE91.VC, Season Two VenturesÌý&²¹³¾±è;Ìý | 48/100 |
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CredAble's Latest cap tables and shareholding
Founders (largest shareholder) own 27.74%, Funds own 14.24%, Enterprises own 20.85% and Angels own 25.10%. The net worth of CredAble's founders is INR 325Cr as of Aug 06, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 27.74% | 325Cr | 8818951 | 9583955 | 4818846 | 6400590 |
4076062 | 8026735 | 4905531 | 3123718 | 3080106 | 4746014 | |
5668 | 1184 | 7603 | 5045 | 7910 | 8198 | |
Fund | 14.24% | 167Cr | 3579599 | 3160621 | 2226642 | 9833676 |
Enterprise | 20.85% | 245Cr | 9904117 | 6656036 | 4070650 | 6213366 |
Angel | 25.10% | 294Cr | 8763370 | 7270677 | 8966464 | 7932087 |
Other People | 5.11% | 59.8Cr | 22166 | 73259 | 60844 | 56288 |
ESOP Pool | 1.06% | 12.4Cr | 8 | 8 | 5 | 2 |
Other Investors | 5.81% | 68Cr | 81859 | 15012 | 42345 | 55084 |
Total | 99.91% | 1,170Cr | 6971499 | 7147719 | 7383600 | 2066918 |
To unlock detailed Cap Table of CredAble Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of CredAble's Shareholding
CredAble's Investments and acquisitions
CredAble has made no investments or acquisitions yet.
Reports related to CredAble
Here is the latest report on CredAble's sector:
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News related to CredAble
Media has covered CredAble for a total of 8 events in the last 1 year, 4 of them have been about partnerships and 1 about company updates.
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•
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Fintech platform CredAble appoints Deepak THM as General CounselPeople Matters•Oct 24, 2024•CredAble
•
Business News This Week•Aug 30, 2024•CredAble
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Fintech Finance•Jun 26, 2024•CredAble
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Devdiscourse•Apr 09, 2024•CredAble
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Business News This Week•Apr 09, 2024•CredAble
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about CredAble
When was CredAble founded?
CredAble was founded in 2017.Where is CredAble located?
CredAble is located in Mumbai, India.Is CredAble a funded company?
CredAble is a funded company, its first funding round was on Sep 06, 2017.When was the latest funding round of CredAble?
CredAble's latest funding round was on Jun 12, 2024.How much is CredAble worth?
The latest valuation of CredAble is $176M as on Nov 27, 2023.What is the annual revenue of CredAble?
Annual revenue of CredAble is ₹470°ä°ù as on Mar 31, 2024.Our Lite Plan Awaits you - Its Free!
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