"Credgenics" a debt collection and legal automation platform raises $50 Million in funds.


Credgenics is a debt collection and legal automation platform that helps banks, non-banking finance companies, and digital lending firms worldwide to boost their resolution rates, improve collections efficiencies and reduce non-performing loans.

On August 9, 2023, Credgenics announced that it had raised $50 million in a Series B funding round led by Westbridge Capital and Accel. The round also saw participation from Tanglin Ventures, Beams Fintech Fund and other strategic investors. This brings the total funds raised by Credgenics to $78 million.

The fresh capital will be used by Credgenics to expand its product offerings, accelerate its international expansion, and enter new BFSI industry segments. The company also plans to use the funds to strengthen its team and build a world-class technology platform.

Credgenics was founded in 2018 by Rishabh Goel, Anand Agrawal, and Mayank Khera. The company is headquartered in Noida, India.Credgenics is a well-funded and fast-growing company that is making a significant impact on the debt collection and legal automation space. The company is well-positioned to continue its growth and success in the years to come.

Tags : #startupsdekho #startups #investment #funding #fundingupdates #innovation