CredRight, a Hyderabad-based NBFC (Non-Banking Financial Company), has just raised $10 million in Series B funding to support India’s smallest business owners — the ones who power local
CredRight, a Hyderabad-based NBFC (Non-Banking Financial Company), has just raised $10 million in Series B funding to support India’s smallest business owners — the ones who power local economies but often get overlooked by traditional banks.
This funding round was led by Abler Nordic, a global impact investor making its first move from its new Fund V. Existing backers Michael & Susan Dell Foundation and Unleash Capital also doubled down on their support, signaling strong confidence in CredRight’s mission and model.
In India, millions of small and micro business owners – from tea sellers to local shopkeepers – face a common challenge: lack of access to formal credit. Most don’t have a credit history, collateral, or even the right paperwork to approach banks. That’s where CredRight comes in.
Founded in 2016 by Neeraj Bansal (BIT Durg, IIM Lucknow) and Vineet Jawa (ISB alumnus and serial entrepreneur), CredRight is solving this gap with an innovative “phygital” model. The company combines digital lending tech with an on-ground presence via 125 low-cost branches across four states.
This hybrid model makes it easier for small business owners – especially those in Tier-2 to Tier-4 cities – to apply for and receive business loans. It’s personal, accessible, and fast.
With this fresh funding, CredRight plans to:
Abler Nordic is now CredRight’s largest equity investor and will actively work with the leadership team to scale operations, deepen impact, and build a more robust governance framework.
Neeraj Bansal and Vineet Jawa didn’t start CredRight to just build another fintech company. Their goal was to build a system that recognizes and rewards the entrepreneurial energy found in the smallest corners of India.
Instead of only relying on data from credit scores or formal documentation, CredRight analyzes cash flow, business performance, and even social signals to determine a borrower’s creditworthiness. This has helped thousands of micro-entrepreneurs gain access to capital for the first time.
Their model works well for local businesses like:
While most fintech lenders operate entirely online, CredRight knows that trust plays a huge role in lending – especially in smaller towns where face-to-face interactions still matter.
That’s why it combines a tech-driven lending platform with physical branches. These branches are manned by trained agents who understand local markets, speak the local language, and help business owners navigate the loan process.
This “phygital” (physical + digital) approach ensures that borrowers not only get quick access to funds but also personalized support and guidance.
India’s small towns are full of entrepreneurial spirit, but they remain largely untapped by mainstream financial institutions. This is the market that CredRight is unlocking — and it’s massive.
By enabling access to credit in these regions, CredRight is helping create jobs, boost incomes, and stimulate local economies. Investors like Abler Nordic are betting that this model can create both financial returns and deep social impact.
According to Abler Nordic, their investment in CredRight aligns with their mission of empowering underserved communities and driving financial inclusion.
With this new capital, the company is now preparing for its next phase of growth. Over the next 12-18 months, expect CredRight to:
The goal? Serve over 100,000 micro-entrepreneurs in the next few years.
As India’s digital economy grows, financial inclusion has become a national priority. But technology alone isn’t enough — it needs to be backed by trust, understanding, and human connection.
That’s exactly what CredRight is bringing to the table. By walking the extra mile for small entrepreneurs and meeting them where they are, the company is helping rewrite the rules of credit in India — one small business at a time.
