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Leveraging Technology To Build Capital

Creating access, working capital and ease in monitoring of finance for businesses of all sizes

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In the simplest of terms, CredAble is an umbrella platform for all working capital tech solutions. Co-founded by Nirav Choksi and Ram Kewalramani, the company aims to leverage technology to build working capital finance offerings for businesses of all sizes, including large, mid, emerging corporates, MSMEs, and financial institutions. The focus is on creating fast access to finance, seamless execution and ease of monitoring capital on a daily basis.


Technology and Strategy

CredAble’s strategy is to leverage technology to build working capital finance offerings for businesses of all sizes. For ease of monitoring on a daily basis, this will focus on fast access to finance and seamless execution. In comparison to other market alternatives, this technology-driven strategy delivers significantly better working capital finance product propositions. This strategy aligns with the company's aim of providing working capital finance to all Indian businesses. This is because the platform is able to bring in efficiencies allowing for the solution to be scalable across industry segments.


CredAble onboards vendors and dealers who are participating in any vendor-financing or dealer-financing program. This significantly reduces the time to onboard new borrowers. The transaction platforms enable seamless processing of transactions, extracting data from a corporate's enterprise resource planning, as well as, pushing transactions into bank's loan management systems in an automated manner. All transaction flows to lenders on the platform is done through application programming interfaces (API) and secure file transfer protocol (SFTP) to ensure better monitoring and tracking. The core technology stack is built as a SaaS (Software as a service ).


Impact and Benefits

CredAble has provided a strong value proposition in the industry which is represented by the high levels of interest in the company's products from both borrowers and lenders. The demand from both ends has allows the company to create a robust marketplace for supply to meet demand.


The chief benefits for small businesses has been the accessibility to finance at a much faster pace than in any other market. As for participating lenders, they are able to access to fraud and risk prevention tools during financial transactions.


CredAble also offers supply chain funding programs across two categories, including Post-Invoice Programs and Pre-Invoice Programs for supplier and distributors.


Future Growth

The company has already made progress in providing a technology stack that will be independently available, as a SaaS offering over APIs, for lenders to license. Furthermore, the company will continue to build loan journeys that can be completed within five minutes, from application to sanction to disbursement.


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Magazine 13 Aug 2022