AbleCredit funding, investors and company details

AbleCredit is an emerging Banking and Finance - FinTech startup from Bengaluru, working in the space of AI-powered credit underwriting / credit decisioning / lending automation (BFSI technology). Founded by Utkarsh Apoorva, Anubhab Bandyopadhyay, Ashwini Prabhu, Harshad Saykhedkar.

Company: Lightbees Technologies Private Limited
Sector: Banking and Finance - FinTech
Location: Bengaluru
Founders: Utkarsh Apoorva, Anubhab Bandyopadhyay, Ashwini Prabhu, Harshad Saykhedkar
Total funding raised: ₹10.43 Cr

Company overview

AbleCredit, is a fintech platform focused on transforming the credit underwriting process through automation and artificial intelligence. Its core offering enables financial institutions to generate comprehensive credit appraisal memos (CAMs) instantly, based strictly on their predefined credit policies, without any human intervention. The platform ingests and analyzes structured and unstructured data from multiple sources such as bank statements, financial reports, GST data, and credit bureau records, and applies advanced AI models along with configurable rule engines to produce consistent and policy-aligned credit assessments. By standardizing the evaluation process, AbleCredit reduces subjectivity and ensures compliance across lending decisions. Its solutions are designed for banks, NBFCs, and digital lenders looking to scale operations efficiently, as it significantly cuts down processing time, lowers operational costs, and enhances decision accuracy. Additionally, AbleCredit integrates seamlessly with existing loan origination and management systems, enabling end-to-end digital workflows and supporting high-volume lending environments with speed, reliability, and data-driven insights.

Funding rounds

Latest round (Seed): $ 1.25 Mn (₹10.43 Cr.), 2024-05-28. Investors: Merak Ventures