CredRight Raises $10M to Expand MSME Lending in India

August 26, 2025 • FinTech News

Indian digital lending company CredRight has raised $10 million in Series B funding. This investment round aims to expand financial access for micro and small enterprises across India. The funding was led by Abler Nordic through its Fund V vehicle. Several existing investors also participated, including the Michael & Susan Dell Foundation and Unleash Capital.

Company Background and Mission

Founded in 2016, CredRight operates as a non-banking financial company specializing in digital lending solutions. The company focuses on small businesses that traditional banks often overlook. Through technology-driven approaches, CredRight simplifies the lending process significantly. It provides collateral-free working capital loans to shopkeepers, small traders, and micro-entrepreneurs. This support enables these business owners to expand their operations and improve their livelihoods.

Current Reach and Expansion Plans

Currently, CredRight serves more than 20,000 micro-enterprises throughout India. The company has established itself as a crucial financial partner for India’s underserved MSME sector. With this new capital, CredRight plans to expand its loan portfolio substantially. Additionally, the company will upgrade its digital infrastructure and enhance its technological capabilities. The funding will also support expansion into tier II, III, and IV cities across India. This geographical expansion reflects a broader commitment to inclusive finance beyond major urban centers.

Addressing India’s MSME Credit Gap

CredRight’s focus on bridging the credit gap arrives at a critical time for India’s economy. Micro, small, and medium enterprises remain the backbone of India’s economic structure. However, these businesses continue facing significant barriers when accessing formal financial services. By combining technology with an inclusive lending model, CredRight aims to drive growth and resilience throughout the small business ecosystem. The company’s approach ensures that entrepreneurs outside major cities can obtain timely and affordable credit options.

Investor Confidence and Market Impact

The successful funding round demonstrates strong investor confidence in CredRight’s business model and social impact. Abler Nordic’s leadership in this round highlights international recognition of India’s digital lending potential. Meanwhile, continued support from established backers like the Michael & Susan Dell Foundation validates CredRight’s dual focus on financial returns and social improvement. This investment will likely inspire similar initiatives targeting India’s vast unbanked and underbanked small business population.

Broader Implications for Financial Inclusion

CredRight’s expansion represents part of a larger movement toward financial inclusion in emerging markets. Digital lending platforms are increasingly important for economic development in regions with limited traditional banking infrastructure. As CredRight grows, it could establish new standards for responsible digital lending practices. Furthermore, the company’s success might encourage other financial technology firms to target underserved small business segments across India and similar markets.