CreditBook is a technology company.
CreditBook has raised $13.0M across 2 funding rounds.
CreditBook has raised $13.0M in total across 2 funding rounds.
CreditBook has raised $13.0M in total across 2 funding rounds.
CreditBook's investors include 9Yards Capital, AirAngels, Alt Capital, American Express Ventures, Amplify.LA, Andreessen Horowitz, Banana Capital, Better Tomorrow Ventures, Buckley Ventures, Craft Ventures, Foundation Capital, Jude Gomila Rolling Fund.
CreditBook is a Pakistan-based fintech company founded in 2020 that builds financial management software and embedded financing solutions for micro, small, and medium enterprises (MSMEs) in emerging markets, primarily Pakistan.[1][2][4] It serves underserved businesses and platforms by offering tools like digital bookkeeping, ledger management, lending operating systems, white-label UI components, customizable APIs, and SDKs, solving problems of limited access to capital, compliance, and financial tracking—enabling users to extend financing to customers in hours and boost revenue up to three times.[1][2][4] With over 500,000 businesses impacted, 6 billion PKR disbursed, and operations across 400 localities, CreditBook holds the distinction of being Pakistan's first fully licensed digital SME financing platform, driving strong growth including a $11 million pre-Series A from Tiger Global in 2021 and a prior $1.5 million seed round.[1][2][4]
CreditBook was launched in 2020 in Karachi, Pakistan, by founders Hasib Malik (CEO), Hisham Adamjee (Head of Operations), and Iman Jamall (Head of Design), with key leaders like Zain Umar (CEO of CreditBook Financial Services), Glenn Vanbavinckhove (Head of Engineering), and Matteo Borgato (Head of Data).[2] The idea emerged from recognizing that up to 70% of businesses in emerging markets lack reliable capital access, starting as a simple ledger and bookkeeping app to help MSMEs manage finances, track expenses, and handle accounting.[1][2][4] Early traction came quickly, impacting over 1 million MSMEs initially, leading to expansions into lending, savings, treasury management, and embedded finance; pivotal moments include securing SECP licensing (No. SECP/LRD/86/CBFSPL/2022-103) as the only licensed digital SME lender and attracting Tiger Global's first Pakistan investment in a $11 million round, following a $1.5 million seed led by BitRate VC and VentureSouq.[1][2][4]
(Note: A separate Canadian entity at creditbook.ca focuses on risk management for alternative lenders, but context points to the Pakistan-based CreditBook.pk as the primary subject.[3][5])
CreditBook rides the fintech wave of financial inclusion in emerging markets, digitizing informal MSME finance amid Pakistan's growing startup ecosystem and inflation pressures, as noted in media like DAWN and Bloomberg.[2] Timing aligns with rising demand for accessible capital—70% of businesses underserved—fueled by mobile penetration and regulatory shifts like SECP licensing, positioning it ahead of competitors in bookkeeping (e.g., Udhaar Book) and lending.[1][2][4] It influences the ecosystem by empowering 500K+ MSMEs, facilitating billions in disbursals, and drawing global capital (e.g., Tiger Global's Pakistan debut), accelerating Pakistan's fintech maturation and embedded finance trend.[1][2]
CreditBook is poised for expansion beyond Pakistan into broader emerging markets, leveraging its licensed status, embedded tools, and track record to capture more MSME financing share amid digital economy growth.[1][2][4] Trends like API-driven embedded finance, AI for credit scoring, and regulatory tailwinds will shape its path, potentially scaling disbursals further with new funding or partnerships. Its influence may evolve from local leader to regional powerhouse, humanizing finance for millions and redefining MSME growth in underserved economies—echoing its founding aim to make finance for everyone.[2]
CreditBook has raised $13.0M across 2 funding rounds. Most recently, it raised $11.0M Seed in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $11.0M Seed | 9Yards Capital, AirAngels, Alt Capital, American Express Ventures, Amplify.LA, Andreessen Horowitz, Banana Capital, Better Tomorrow Ventures, Buckley Ventures, Craft Ventures, Foundation Capital, Jude Gomila Rolling Fund, Kearny Jackson, LGF, Not Boring Capital, Section 32, Sweet Capital, TenOneTen Ventures, Tiger Global Management, Todd and Rahul's Angel Fund, Tribe Capital, Valia Ventures, Vibe Capital, Alex Pattis, Allison Pickens (Allison Pickens Ventures), Bobby Lo, Harry Hurst, James Beshara, Louis Beryl, Max Mullen, Oliver Cameron, Scott Belsky, Steven Kamali | |
| May 1, 2021 | $2.0M Seed | 9Yards Capital, American Express Ventures, Amplify.LA, Better Tomorrow Ventures, Foundation Capital, Sweet Capital, TenOneTen Ventures, Tiger Global Management, Valia Ventures, Alex Pattis |