Liquidity Events
CRED to acquire SaaS startup CreditVidya
Fintech unicorn CRED is to acquire Hyderabad-based CreditVidya, which operates a lending-as-a-service platform, in a cash-and-stock dea. While CreditVidya will continue to operate independently, CreditVidya's 200+ team members will get all the benefits extended to CRED team members, including its ESOP programme. CreditVidya enables businesses to embed customised credit products through APIs. It provides AI-powered credit underwriting APIs to NBFCs and other financial institutions and companies.
From the Venture Intelligence PE-VC Deal Database: Between Jun-16 and Jan-19, CreditVidya had raised over USD 10 M from Bharat Innovation Fund, Matrix Partners India, Kalaari Capital and Others.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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