CredAble records a two-fold increase in loan disbursements in 2023

CredAble, a fintech offering working capital finance to MSMEs, recorded a two-fold increase in loan disbursements amounting to Rs 45,000 crore in the calendar year 2023 (CY23) on the back of increased partnerships with banks, corporations, and the acquisition of new customers.

The fintech firm facilitated the disbursements of over Rs 22,500 crore in the calendar year 2022 (CY22).

“We have partnered with more banks and corporations this year. Vendors, dealers, and distributors in their ecosystem were financed via this ecosystem. We also acquired small and medium enterprises (SMEs) directly on our balance sheet from our own non-banking financial company (NBFC),” said Nirav Choksi, co-founder and CEO, CredAble, in an interaction with Business Standard.