AbleCredit Raises $1.25 Million in Seed Round

by Kay Aloha Villamor in May 28th, 2024

AbleCredit, a Bengaluru, India-based AI credit underwriting company, has raised $1.25 million (INR 10 crore) in seed funding.  


The round was led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings.  

Merak is a sector-agnostic, early-stage venture capital firm, investing in B2B and emerging technologies companies that are solving real problems and creating large-scale impact. It was founded in 2022 and is based in New Delhi, India.  

AbleCredit Use of Funds  

The company will use the funds to scale AI operations and expand the business.  

About AbleCredit  

Founded by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, AbleCredit uses AI to develop generative models with voice, vision, and language capabilities, functioning as an AI assistant for the credit team to generate comprehensive credit reports in line with policies. AbleCredit is on a mission to solve the Credit Gap of emerging economies.  

Funding Details                       

Company: AbleCredit  

Raised: $1.25M                         

Round: Seed Round   

Funding Month: May 2024      

Lead Investors: Merak Ventures  

Additional Investors:    

Company Website:  

Software Category: AI Credit Underwriting  


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