CredAble launches UpScale

Tuesday 16 November 2021 10:35 CET | News

CredAble, an AI-Powered Technology Platform has launched UpScale, a platform that enables growth and financial inclusion for SMEs & MSMEs in India. 

In October 2021, CredAble disbursed 3,500 crs to more than 100,000 small businesses and with UpScale, CredAble will penetrate deeper into the ecosystem with tailor-made solutions for small business owners. SMEs are largely starved in terms of credit and growth yet contribute nearly 30% of the GDP. CredAble recently raised USD 30 million in its Series B round and is using the raised funds to improve CredAble’s reach as well as solutions for small businesses via UpScale. The platform syncs in with a business’ existing accounting software and bank accounts and provides real-time business data that helps make informed decisions to manage financial operations like collection & payments and avail instant, collateral-free access to working capital financing along with other growth tools.

UpScale is a credit and cash flow management app that connects with the existing accounting software of the business, syncs in transaction details, connects with bank accounts & credit bureaus and gives access to working capital with the help of partnering financial institutions. 

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Keywords: product launch, cash management, online banking
Categories: Banking & Fintech
Countries: India
This article is part of category

Banking & Fintech

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