CredAble, a pioneering fintech startup known for innovative working capital lending solutions, is pleased to announce its strategic worldwide expansion into Singapore, the UAE, the United Kingdom, Australia, the Philippines, Indonesia, SEA, ME, Australia, and the United States. This expansion brings innovative Banking-as-a-Service (BaaS) offerings to the market, altering global financial service interaction.
CredAble, India’s largest working capital platform, has facilitated over USD 6 billion in working capital yearly, building fintech infrastructure for corporate India’s various players.
Sharing his enthusiasm about the expansion, CEO & Co-founder, Nirav Choksi, said, “As we embark on this new chapter with CredAble enabling working capital for businesses of all sizes through its award-winning technology platform, we remain dedicated to our core values of innovation, collaboration, and customer-centricity. The challenges businesses face in managing their working capital are universal and our technology-powered solutions are designed to make a positive impact on the efficiency, liquidity, and growth potential of companies worldwide. Hence, CredAble is now in a unique position to help global FIs seize new revenue opportunities by offering them state-of-the-art BaaS platform to build and launch their own regulatory-compliant working capital financing solutions. Moreover, At CredAble, our goal is to become a trusted partner for businesses globally, offering them the financial tools they need to thrive and navigate the complexities of today’s interconnected supply chains in the financial ecosystem.”
CredAble empowers banking institutions with API-driven working capital technology and BaaS options that range from pre- to post-shipment financing, embedded finance, and Beyond Banking services for SMEs. This enables banks to enter the Enterprise and SME segments, opening up significant income opportunities. CredAble’s global expansion is on track with a USD 17TN global working capital potential.
Satyam Agrawal, Global Head of Product & MD – International Business (Asia Pacific & ME) shared, “Real growth in the realm of banking is to embrace change and seize the opportunity to evolve. CredAble’s Banking-as-a-Service (BaaS) is the key that unlocks a world of new revenue possibilities for financial institutions. By leveraging this innovative approach, Banks can quickly craft bespoke, yet scalable solutions tailored to the needs of burgeoning and diverse Enterprise and SME Ecosystems. Empowered by technology, with BaaS, leaders in the Banking space can enable Personalisation and at the same time be agile to drive their growth agenda. As we embrace this digital era, the path to success lies in understanding and catering to the unique demands of every customer or every partner.”
CredAble’s international development illustrates the company’s commitment to transforming global supply chains through working capital solutions. The infrastructure as a service platform allows smooth access to on-time working capital, cash flow management and forecasting, enhancing global supply chains and trade finance, and allowing banks to deliver Beyond Banking services such as E-Invoicing platforms, Secure Payments, and Auto-reconciliation.
Furthermore, CredAble embraces its purpose to generate positive change internationally, and this expansion demonstrates its commitment to preparing organisations and individuals for success in an ever-changing financial landscape.