CreditEnable is an AI-based SME credit marketplace that simplifies obtaining business loans and helps SMEs manage their credit profiles. The company has been operating in India since 2017 and is described as UK and India-based. It was founded by CEO Nadia Sood and CFO Varun Sahni; Sood is an alumnus of Columbia SIPA and has worked with Nestlé and Impact Investment Partners, while Sahni graduated from the London School of Economics and has worked at Acumen Impact Investment Partners. CreditEnable recently raised $2 million in a pre-Series A round. The company plans to use the capital to enhance its technological infrastructure and expand its user base. CreditEnable provides technology and credit analytics solutions and credit-profiling tools to Small and Medium Enterprise (SME) lenders and borrowers to help them secure affordable debt. The company focuses on expanding access and usage in underserviced areas and develops products aimed at improving SME credit assessment. It has commercial relationships with multiple lenders that represent billions of dollars in SME loan books. CreditEnable is led by CEO and co-founder Nadia Sood and was named to the Inclusive Fintech 50 by the MetLife Foundation and Visa. While the current operational focus is on India, where it has offices in Mumbai, the firm plans to expand to a global focus over time.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2021