Let the Credits Roll
- CrediLinq just raised US$8.5M to bring faster, smarter financing to small and medium-sized enterprises (SMEs) by embedding AI-powered credit tools directly into the platforms they already use.
- The company’s solutions can be embedded across platforms that cover verticals of procurement, supply chain, e-commerce marketplaces, freelance platforms, banking, accounting, and payments. In the e-commerce space for example, CrediLinq has integrations with key marketplaces such as Amazon, Lazada and TikTok Shop.
- Co-founder Vikram Kotibhaskar shared that their credit-as-a-service model results in a fast, frictionless and transparent customer experience, as well as offers more ways for platforms to monetize their business.
- The funds will be used to immediately accelerate the company’s expansion, starting with the United States and then to the United Kingdom and Australia — making it easier for SMEs globally to access credit right when they need it.
- CrediLinq will strengthen their leadership bench in sales, marketing, product and tech to support expansion in the target markets.
- A significant portion of the funds will also be invested in enhancing the company’s technology stack — with continual improvement of AI-led credit algorithms that use the SME’s real-time digital footprint including platform data, unstructured data, bureau information and the likes, to reduce non-performing loans (NPLs), improve ‘Default On’ collections, and build agentic workflows to drive efficiency.
- Read the full story on TechNode Global.