Supplychain fintech CredAble wants to raise $20 mn by Sept 2020

January 4, 2020: CredAble, the financial technology platform for supply chain, is looking to raise $15 mn to $20 mn for its Series B round by September 2020.

Ram Kewalramani, co-founder and managing director, CredAble said “Even though CredAble is adequately capitalised, for now, the fund-raising is aimed at ensuring there is capital available as the operations grow. We believe by August, September there will be new investors but our existing investors would like to invest as well,” reports Cogencis.

CredAble offers supply chain funding programs for both Post-Invoice and Pre-Invoice categories.
In April 2018, CredAble raised Rs 100 crore in its Series A round of funding. In June it has received a non-bank financial company license from Reserve bank of India, but the company doesn’t aim to change itself into a full-fledged to participate in financial risk and co-lending.