INDIA – Credgenics, an Indian provider of a SaaS based debt collections platform, raised $50M in Series B funding round.
Backers in the round, which valued Credgenics at $340M, included WestBridge Capital, Accel India, Tanglin Venture Partners, and Beams FinTech Fund. The company intends to use the funds to expand its offerings, and its business reach. Founded in 2018 by Rishabh Goel, Anand Agrawal and Mayank Khera, Credgenics is a FinTech company which provides advanced loan collections and debt recovery technology solutions to Banks, Non-banking finance companies, ARCs and Digital lending firms worldwide. Its SaaS based platform covers end-to-end collections lifecycle with such capabilities as multi-channel digital communications, AI powered predictor models for optimal collections strategy, field collections mobile app CG Collect, Billzy digital payments, legal management system, comprehensive dashboards and deep analytical models. The platform helps lenders leverage technology to boost their resolution rates, improve collections efficiencies, increase collections, transform customer experience and reduce non performing loans.09/08/2023
