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§ Private Profile · Bengaluru, Karnataka, India
Full-stack lending company offering mobile credit lines, online personal loans, and school fee financing, approved in 24 hours.
Credy is a Bengaluru, India-based financial technology company that provides customized mobile credit lines, small-ticket online personal loans, and school fee financing to urban millennials. The lending platform utilizes automated underwriting, digital repayment tools, and fraud prevention systems to approve consumer loans under Rs 50,000 in as little as 24 hours. The business generates revenue by charging a two percent processing fee alongside penal interest on late payments. To facilitate rapid loan disbursals via its web and mobile applications, the company partners directly with institutional lenders and non-banking financial companies, including Fullerton India. Operating with a current team of 14 employees, the enterprise has raised $1.4 million in seed funding from prominent venture capital firms such as Y Combinator, Khosla Ventures, and Vy Capital. Credy was founded in 2017 by Pratish Gandhi, Abhash Anand, and Harshit Vaishnav.
Credy has raised $1.4M across 1 funding round.
Credy has raised $1.4M in total across 1 funding round.
Credy has raised $1.4M across 1 funding round. Most recently, it raised $1.4M Seed in March 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2018 | $1.4M Seed | — | Khosla Ventures, VY Capital, Y Combinator | Announced |
Credy has raised $1.4M in total across 1 funding round.
Credy's investors include Khosla Ventures, Vy Capital, Y Combinator.