Supply chain finance startup CredAble has raised $4.5 million in a follow-on funding round from its founders and existing backers including Oaks Asset Management and V’Ocean Investment. It would utilise the fresh proceeds for growth and further capitalising CredAble’s own Non-Banking Financial Company (NBFC).
Founded by Nirav Choksi and Ram Kewalramani in 2017, CredAble provides supply chain financing to vendors of large corporates. Earlier, it had secured $14.8 million Series A funding in 2018 from Alpha Capital. (Source-PR)
