Hyderabad-based NBFC CredRight has secured USD 10 million (~INR 87.5 crore approx.) in a Series B funding round led by Norway-headquartered Abler Nordic, marking its first investment from the newly launched Fund V. Existing investors Michael & Susan Dell Foundation and Unleash Capital also doubled down in this round, underscoring continued faith in CredRight’s growth trajectory.
Strengthening Technology & Expanding to Smaller Towns
Founded in 2016 by Neeraj Bansal and Vineet Jawa, CredRight operates at the intersection of financial inclusion and digital lending. Its model uniquely combines technology with a network of 125 physical branches across four states, enabling it to reach over 20,000 micro-enterprises — many of whom are otherwise excluded from the formal banking system.
The company said the fresh infusion of capital will be channelled into three areas:
- Expanding its loan book to meet rising festive and inventory-led credit demand.
- Upgrading its technology stack to improve underwriting and risk assessment.
- Widening its geographical reach into Tier II to Tier IV markets where the MSME credit gap is most pronounced.
Investor Perspectives
With this round, Abler Nordic becomes CredRight’s largest equity shareholder. The fund’s managing director, Arthur Sletteberg, noted:
“By supporting CredRight with patient capital and active ownership, we aim to back a locally rooted solution that can effectively bridge India’s MSME credit gap.”
Michael & Susan Dell Foundation, an early backer, also emphasized the social impact of CredRight’s lending model. Rakesh Goyal, Head of Financial Services (India), said the company is “blending technology with community reach” to unlock growth for thousands of nano and micro entrepreneurs.
Read Also: MSME Lender Saarathi Finance Raises INR 475 Cr to Power Rural Entrepreneurs Across 6 States
Why This Matters
India’s MSME sector — home to 6.4 crore entrepreneurs — continues to face a daunting credit gap of around USD 530 billion, according to industry estimates. Of this, nearly a third is concentrated in the micro segment.
- Only 14–20% of micro and small enterprises have access to formal institutional credit.
- CredRight typically lends at an average ticket size of INR 4 lakh, with repayment cycles of 36 months at rates between 24–27%.
- According to the 60 Decibels Microfinance Index (2023), over 70% of its borrowers reported higher income and improved financial management post-loan access.
In the words of co-founder Neeraj Bansal:
“Micro enterprises will be central to India’s journey towards a $10 trillion GDP. This fundraise, despite headwinds, is proof of the resilience of our business model.”
The Bigger Picture
CredRight competes in an increasingly active MSME lending market alongside Aye Finance, Kinara Capital, Indifi, and UGRO Capital, all of whom are drawing investor attention. The space has seen a flurry of activity in 2025, with digital-first NBFCs such as Flexiloans, Bizloan, and Techfino raising fresh capital, while giants like Jio Financial Services and MobiKwik are building out NBFC subsidiaries.
What differentiates CredRight, however, is its “phygital” approach — marrying digital risk engines with community-based distribution — a model that has proven to work in semi-urban and rural India.
Outlook
With Abler Nordic’s entry as the anchor investor and stronger governance structures on the horizon, CredRight is positioning itself as a serious contender to bridge the micro-credit divide. The company has expressed ambitions to eventually empower over 10 million nano enterprises, a mission that aligns with India’s larger economic growth narrative.