AbleCredit raises $1.25-M led by Merak Ventures

Bengaluru- based AbleCredit , a credit underwriting company, has raised USD 1.25 million in the seed round led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings. The investment will enable the startup to scale its operations, along with business growth and expansion.Founded by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, the startup is developing generative AI models with voice, vision and language capabilities that function like an AI Assistant to the credit team and can generate credit reports on a case to case basis, while adhering to the Credit Policy and guidelines.