Startup Originals Team
Credit Wise Capital, a Mumbai-based fintech lending platform, has raised ₹200 crore in its latest funding round. This round was led by Trident Growth Partners and saw participation from a mix of new and existing investors. The fresh infusion of capital is aimed at accelerating the company’s expansion plans and enhancing its technology capabilities in the rapidly growing digital lending space.
Funding Details and Key Investors:
The ₹200 crore funding round was spearheaded by Trident Growth Partners, a private investment firm. Alongside them, several other notable investors, including institutional funds and high-net-worth individuals, also took part in the round. This marks one of the largest fundraises for the startup, underscoring investor confidence in Credit Wise Capital’s business model and growth trajectory.
About Credit Wise Capital:
Founded in 2020, Credit Wise Capital offers consumer loans, with a primary focus on financing two-wheelers. The platform leverages proprietary credit models and digital-first processes to simplify lending for underserved segments. Their model is designed to offer quick and easy loan approvals with minimal paperwork, addressing a critical gap in India’s credit ecosystem.
Plans for Fund Utilization:
The newly raised capital will be deployed towards three main areas: enhancing technology infrastructure, expanding the team, and growing the loan book. The company is also focusing on product diversification and deeper market penetration, especially in Tier-II and Tier-III cities where traditional banking access remains limited.
Market Opportunity and Growth Strategy:
India’s consumer lending market, particularly in the two-wheeler financing segment, is poised for strong growth. Credit Wise Capital aims to tap into this demand by strengthening its credit assessment algorithms, expanding its partner network, and offering new financial products. The startup has already established a strong distribution network through vehicle dealerships and plans to further integrate digital tools to improve loan disbursement efficiency.
