Credright
New age digital lending company 100% focused on micro & small businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $10.0m | Series B | |
| Total Funding | 000k | ||
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CredRight is a data-driven lending platform that provides credit to micro, small, and medium-sized enterprises (MSMEs) in India through Non-Banking Financial Companies (NBFCs) and banks. The company's main goal is to address the credit gap for the millions of small and medium-sized businesses in India that do not have access to institutional debt because commercial banks and other traditional financial institutions do not serve them.
CredRight has developed a distribution model to reach India's 10 million chit-subscribing small businesses. The company offers these businesses fast, unsecured, and hassle-free business loans. By leveraging technology and a deep understanding of the alternative financial ecosystem, CredRight is able to provide financial solutions to a segment of the market that has been largely ignored by traditional lenders.
Keywords: Data-driven lending, MSME financing, Unsecured loans, NBFC partnerships, Chit fund subscribers, Financial inclusion, Fintech, Business loans, Credit gap, Alternative finance