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Mumbai, MH India
Total Funding:N/A
Lead Investor(s):N/A

Estimated Revenue & Financials

  •'s estimated annual revenue is currently $14.7M per year.(?)
  •'s estimated revenue per employee is $210,000

Employee Data

  • has 70 Employees.(?)
  • grew their employee count by 71% last year.
  • currently has 1 job openings.

CredAble is transforming supply chain finance with its proprietary Receivables Xchange (RX) platform and just-in-time working capital financing solutions with a mission to triple the available working capital in India over the next 5 years. We partner with leading blue-chip corporates to provide innovative digital vendor financing solutions that enable their vendors instant access to working capital and drives significant EBIDTA margin enhancements to the corporate in the process. The RX platform gives vendors access to hassle-free early payment for their receivables in exchange for a trade discount and enables banks and other financial institutions to bid for payables and lend to the vendors. Thereby, enabling best price discovery that lowers cost of funds significantly. This drives value addition for all stakeholders by maximising savings for corporates that directly impacts the EBITDA, enables vendors to grow their businesses with access to fast and low-cost working capital finance at their fingertips regardless of credit worthiness and past history, while also enabling financiers to get access to high quality, low risk, qualified leads. Additionally, CredAble also partners directly with vendors of blue-chip corporates within specific ecosystems like logistics for just-in-time pre-invoice working capital solutions using technology and credit frameworks to manage operational and financial risk via the TravelX platform. CredAble has enabled over INR 108 crores in supply chain financing across 41,000 transactions that has helped over 9,000 vendors vendors streamline their monthly working capital requirements

keywords:Financial Services, Fin Tech