What is Credgenics?
Credgenics operates as India's leading recovery and technology-enabled collections platform. The company partners with financial institutions, including banks, NBFCs, and digital lending firms, to significantly improve their collections efficiency. By leveraging advanced technology, automation, and intelligent legal strategies, Credgenics aims to expedite the recovery of bad loans. Its end-to-end, SaaS-based platform integrates legal workflows and offers customized strategies designed to help creditors enhance their Non-Performing Asset (NPA) recovery rates, expand geographic reach, and reduce overall collection costs, thereby improving customer experience.
How much funding has Credgenics raised?
Credgenics has raised a total of $78.6M across 3 funding rounds:
Other Financing Round
$3.6M
Series A
$25M
Series B
$50M
Other Financing Round (2020): $3.6M with participation from Accel Partners BV and DMI Finance Company
Series A (2021): $25M led by Accel and Westbridge Capital Us Advisors
Series B (2023): $50M supported by Westbridge Capital and Accel
Key Investors in Credgenics
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs.
Westbridge Capital Us Advisors
WestBridge Capital is an investment firm that supports Indian entrepreneurs with purpose-driven capital, focusing on long-term growth and sustainable solutions. The company invests in a diverse range of sectors including consumer goods, e-commerce, edtech, healthtech, and fintech.
Westbridge Capital
Westbridge Capital is a private equity company that acquires mature operating businesses. The company often structure the company's deals with management as the company's partners to ensure a long term alignment of interests.
What's next for Credgenics?
With the recent major strategic investment, Credgenics is poised for accelerated expansion and further technological innovation. The substantial capital infusion is expected to fuel the company's efforts to enhance its platform capabilities, broaden its market penetration across India, and potentially explore international opportunities. This backing will likely enable Credgenics to solidify its position as a leader in the fintech collections space, driving further advancements in recovery technology and operational efficiency for its diverse clientele of financial institutions.
See full Credgenics company page
