CreditVidya gets $3 million

BENGALURU: Mumbai-based deep technology startup CreditVidya has raised $3 million from Bharat Innovation Fund and the partners at Falcon Edge Capital who have invested in their personal capacity in a fresh round of equity funding. The company, backed by Matrix Partners and Kalaari Capital, helps banks and financial institutions lend to new customers with the help of advanced data analytics.

“We have raised this fresh round mainly to help us leverage into the next scale of business, also to get quality investors on the board who can help us with their advisory,” said Abhishek Agarwal, chief executive officer, CreditVidya.

Bharat Innovation Fund, which counts Sanjay Jain as one of its partners, is an early-stage venture fund dedicated to investments in deep-tech companies trying to bring in advanced innovations across multiple sectors.


Jain said CreditVidya’s tech platform and its ability to drive financial inclusion were major clinchers for the deal.