CredAble, a working capital financing platform on Wednesday said that it has disbursed USD 3 billion to cash-strapped small and medium enterprises in the past 12 months. The disbursements made to 1,50,000 SMEs were enabled through the capital sourced from over 30 financial partners including non-banking financial companies, private banks, and large multinationals.
Nirav Choksi, Co-founder and CEO, CredAble said, “We have designed a comprehensive infrastructure to cater to the end-to-end ‘order to cash’ cycle needs and solve the growing working capital challenges of business of all sizes, Our in-house developed 360-degree tech-enabled solutions suite enables us to roll out scalable working capital products that are tailor-made for different business models.”
CredAble Company said it is witnessing over 500% year-on-year growth by ensuring value-added financing and growth solutions are offered such as UpScale designed to cater to the diversified requirements of needs of small and medium enterprises.
