CredRight is a Hyderabad-based non-bank financial company (NBFC) that provides lending to nano and micro enterprises through a phygital model combining digital lending with 125 low-cost branches across four states. The company serves over 20,000 micro-enterprises, including shopkeepers and traders traditionally excluded from formal finance, targeting India’s $530 billion MSME credit gap (with a $169 billion micro segment). Founded in 2016 by Neeraj Bansal and Vineet Jawa, CredRight focuses on deepening financial access in tier-II to tier-IV markets. Its core product is small-ticket business loans for micro-enterprises, backed by a technology platform and branch network. The company plans to use new capital to expand its loan book, strengthen its technology platform, and increase geographic reach. CredRight competes with players such as Kinara Capital, Varthana, Aye Finance, U GRO Capital, and Indifi. CredRight is a Hyderabad-based data-driven lending platform that facilitates credit to small businesses and MSMEs via NBFCs and banks. It has built a distribution model to reach India’s 10 million Registered chit subscribers, largely in tier-III and tier-IV cities, and focuses on nano entrepreneurs with annual turnover up to Rs 1 crore. The company says it has served more than 5,000 nano enterprises to date and recently received an NBFC license, claiming one of the lowest NPAs in the industry. CredRight reports a 10x growth in assets under management (AUM) over the past three years and is targeting AUM of Rs 2,000 crore over the next three years. Financially, it recorded Rs 3.93 crore in revenue and a Rs 4.73 crore loss in FY22 and has yet to file its FY23 annual statements. The firm plans to use new capital to expand into new locations, strengthen its technology stack, and increase access to formal finance for small business owners. CredRight is a data-driven fintech that facilitates credit to small businesses and MSMEs by building credit profiles from chit-fund data and distributing loans through NBFCs and banks. The company has developed a proprietary credit-modeling algorithm and an end-to-end digital process that can enable loans to reach bank accounts within 3–5 business days. It targets India's roughly 10 million registered chit subscribers, largely in tier-II and tier-III cities, and focuses on underwriting and collections to maintain strong operational metrics. CredRight has disbursed more than INR 50 crore to over a thousand customers. Management plans to use the new funding to increase the managed loan book, expand the team, and invest in technology platforms and analytics. Investors cite the company’s low NPAs during the pandemic and expect significant loan-book growth following the raise. CredRight offers collateral-free business loans to micro, small, and medium enterprises by leveraging expected chit fund receivables and other data points. The company partners with chit funds across India to access members' past payment and default data for underwriting. It uses a machine-learning-based credit algorithm and digital processing capabilities to analyze cash flows and assess ability and willingness to repay, claiming approvals within 24 hours and disbursements within three business days. CredRight said it will use new funding to strengthen its technology platform, grow its team, and expand its customer reach. The startup aims to disburse Rs 100 crore in the next 12–15 months. CredRight was founded in 2016 by Neeraj Bansal.

Total raised

$23M

Funding rounds

5

Latest round

Series B

Latest activity

Aug 2025