Private Equity Fund Investments
Working Capital financier CredAble raises $30-M from Plutus, OAKS
CredAble, a fintech platform that enables working capital financing for enterprises, has raised USD 30 million as part of its Series B fundraising, co-led by Plutus Wealth Management LLP and existing investor OAKS Asset Management. The company plans to use the capital raised to continue to build its technology platform, provide working capital solutions to small businesses and create new debt capital market products for corporates and financial institutions. CredAble provides working capital financing to corporates across Asia in payable and receivables financing, debt capital markets and SME financing. To date, the startup has raised nearly USD 40 million.
From the Venture Intelligence PE-VC Deal Database: Starting Apr-18, CredAble had raised more than INR 55 crore from OAKS and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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