CredRight Secures USD 10 Mn Series B Funding to Expand MSME Lending
Summary
CredRight raised USD 10 million in a Series B round led by Abler Nordic, with participation from existing investors Michael & Susan Dell Foundation and Unleash Capital. The company will use the money to grow its loan book, improve its technology platform, and expand credit access in tier II to tier IV towns. CredRight focuses on lending to nano and micro enterprises through a phygital model that combines digital lending with physical branches. The company says it already serves more than 20,000 micro-enterprises across four states. The new funding strengthens its position in India’s inclusive finance market, where it competes with other SME lenders.
Funding
Amount
$10.0M
Total raised
Date
August 25, 2025
Announcement date
Investors
Accion, Michael & Susan Dell Foundation
Lead investors
Company
credright.com
Funded company
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