SUMMARY
- Credgenics reported a 40% revenue growth, reaching ₹220 crore in FY25 with ₹25 crore PBT.
- The platform handled over 98 million loan accounts worth $250B for 150+ financial institutions.
- With $80M total funding, Credgenics plans global expansion and investments in generative AI solutions.
According to a press release from the company, debt settlement platform Credgenics reported a 40% increase in yearly revenue to ₹220 crore in FY25. Additionally, the business claimed a Rs 25 crore profit before taxes for the same time frame.
Credgenics was established in 2018 and provides banks, NBFCs, HFCs, fintech lenders, and asset reconstruction companies with SaaS-based digital collections and resolution tools. According to its claims, it processed 1.7 billion omnichannel communications for more than 150 financial institutions worldwide in FY24 and managed over 98 million loan accounts valued at over $250 billion.
Particularly for retail and SME/MSME loan portfolios, Credgenics’ AI and analytics-powered platform has assisted clients in increasing recovery rates while cutting expenses.
Co-founder and CEO Rishabh Goel said, “We are proud to record another year of strong financial results, reflecting the trust our customers have in our solutions. We plan to expand further in India, Southeast Asia, and the Middle East, while continuing to invest in generative AI.
With the help of WestBridge Capital, which led a $50 million Series B investment, Credgenics has funded nearly $80 million to date. It previously raised $25 million in its 2021 Series A round and $3.5 million in a 2020 pre-Series A round. Prominent investors like WestBridge Capital, Accel, Tanglin Venture Partners, Titan Capital, and Beams Fintech Fund support the business.
The firm intends to increase its investments in new products and international expansion to solidify its standing as a leading platform for collections, particularly during a period of tightening regulations and an increase in loan defaults.
