Credgenics, an India-based debt resolution startup, has raised $25 million in its series A funding.
The round was led by Westbridge Capital, Tanglin Venture Partners, and existing backer Accel Partners. Angel investors like BharatPe founder and CEO Ashneer Grover and Hero Fincorp Group managing director and CEO Abhimanyu Munjal also chipped in.
The company uses the fresh capital to strengthen its R&D infrastructure, expand into new demographics, and scale its operations in India.
Company: Analog Legalhub Tech Solutions Pvt. Ltd.
Raised: $25.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Westbridge Capital, Tanglin Venture, and Accel Partners
Additional Investors: BharatPe, Ashneer Grover, Hero Fincorp, and Abhimanyu Munjal
Company Website: https://credgenics.com
Software Category: Collection’s platform
About the Company: Credgenics is working with financial institutions, banks, NBFCs, and Digital lending firms to improve the efficiency of their collection using technology, automation intelligence, and optimal legal routes to expedite the recovery of a bad loan. Indian’s leading recovery technology-enabled Collection platform, Help clients increase their overall recovery rate and simultaneously reduce their collection costs. SaaS-based collection platform is has a legal workflow and delivers customized strategies that help creditors efficiently improve their NPA, geographic reach, and customer experience.
Source: https://www.techinasia.com/indian-saasbased-debt-resolution-startup-nets-25m-series