CrediLinq, an AI-driven embedded finance platform, has secured $8.5m in a Series A funding round, with Citi North America joining as a new investor. The round, led by OM/VC and MS&AD Ventures, also saw participation from the Rustem Family Office and returning investors such as 1982 Ventures and 500 Global. The funds will be used to expand CrediLinq’s market presence in the US, UK, and Australia, strengthen its Singapore operations, and invest in senior talent and technology enhancements.
CrediLinq’s platform integrates with B2B platforms to provide seamless credit solutions for small and medium-sized enterprises (SMEs) using real-time alternative data. This approach allows SMEs to access flexible and transparent financing options at the point of need. Deep Singh, Founder and Group CEO of CrediLinq, stated, “Today marks a pivotal moment for CrediLinq as we accelerate the growth of embedded finance globally, helping platforms empower digital native SMEs with flexible, transparent and more seamless access to capital.”
The company plans to partner with larger digital platforms in its target markets to drive user growth and enable digitally native businesses to access capital. Herston Powers, Founding Managing Partner of 1982 Ventures, commented, “This Series A round, with the backing of global financial leaders like Citi, is a testament to CrediLinq’s vision and execution.”
CrediLinq’s technology stack will see significant investment to enhance its AI-led credit algorithms, which utilise SMEs’ digital footprints to reduce non-performing loans and improve efficiency. The platform’s solutions can be embedded across various sectors, including e-commerce, procurement, and banking, with existing integrations with marketplaces like Amazon and TikTok Shop. Co-founder Vikram Kotibhaskar added, “Our Credit-as-a-Service stack leverages API connectivity, transactional data and credit algorithms for quick decision-making at the point of need.”
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