Credgenics clocks Rs 220 Cr revenue and Rs 25 Cr PBT in FY25

Debt resolution platform Credgenics has posted a 40% jump in its annual revenue to Rs 220 crore in FY25, as per the company’s press release. The company also reported a profit before tax of Rs 25 crore for the same period.

Founded in 2018, Credgenics offers SaaS-based digital collections and resolution tools to banks, NBFCs, HFCs, fintech lenders, and asset reconstruction firms. It claims to have handled over 98 million loan accounts worth more than $250 billion in FY24 and facilitated 1.7 billion omnichannel communications for over 150 financial institutions globally.

Credgenics’s AI and analytics-driven platform has helped clients boost recovery rates while reducing costs, especially across retail and SME/MSME loan portfolios.

“We are proud to record another year of strong financial results, reflecting the trust our customers have in our solutions,” said co-founder and CEO Rishabh Goel. “We plan to expand further in India, Southeast Asia, and the Middle East, while continuing to invest in generative AI.”

Credgenics has raised approximately $80 million to date, including a $50 million Series B round led by WestBridge Capital. Earlier, it secured $25 million in its Series A round in 2021 and $3.5 million in a pre-Series A round in 2020. The company is backed by prominent investors such as WestBridge Capital, Accel, Tanglin Venture Partners, Titan Capital, and Beams Fintech Fund.

Credgenics plans to invest more in new products and expand to other countries as it looks to strengthen its position as a top collections platform, especially at a time when rules are getting stricter and loan defaults are rising.