Equentia Financial Service Private Limited (EFSPL,CredAble) is the only FinTech NBFC in India that provides funding based on pre-invoice “billable events”. CredAble leverages its technology to monitor delivery of goods/execution of service in real-time. Once the execution risk is eliminated, CredAble provides funding based on certain acceptance/proof-of-delivery from the end client. CredAble is also utilizing ‘smart contracts’ to identify and approve these billable events and other payment milestones against which funding is provided.
Momentum is derived from funding recency, velocity, round count and scale.
CredAble is a FinTech focused on solving the Working Capital Financing challenges of Financial Institutions, Enterprise Ecosystems & SMEs through our 3 core verticals Trade, Credit & Payments.
Financial intermediation
Source: Ministry of Corporate Affairs company master (open data). Capital figures are as-of the 2021 registry snapshot, not live.