Mumbai: Supply chain finance startup CredAble has raised $4.5 million in a follow-on funding round from its founders and existing backers including Oaks Asset Management and V’Ocean Investment. It would utilize the fresh proceeds for growth and further capitalizing CredAble’s own Non-Banking Financial Company (NBFC).
Founded by Nirav Choksi and Ram Kewalramani in 2017, CredAble provides supply chain financing to vendors of large corporates.
Earlier, it had secured USD 14.8 million Series A funding in 2018 from Alpha Capital.
