London and Mumbai-based business loans startup CreditEnable, on Tuesday (January 19), announced that it has raised $2 Mn in a pre-series A funding led by startup incubator Venture Catalysts, along with its UK arm JPIN Venture Catalysts. Prior to this, the company had also raised $5 Mn in a seed round from investors such as SunGard CEO Cris Conde, Alter Global and Astia and Floreat.
With the latest funding, the company said that it will be using the fund to enhance its technology platform, alongside expanding its customer base across the country, thereby eliminating the bottlenecks in India’s SME lending landscape.
https://inc42.com/buzz/sme-loan-marketplace-creditenable-raises-2-mn-from-venture-catalysts/