CredRight Raises $10 Mn Series B Led by Abler Nordic to Expand Credit Access for India’s Smallest Businesses
- ByStartupStory | August 26, 2025
CredRight, a Non-Banking Financial Company (NBFC) enabling India’s smallest business owners to access formal credit, has raised $10 million in a Series B round led by Abler Nordic. This marks Abler Nordic’s first investment from its new Fund V, underscoring its growing focus on India’s financial inclusion space.
Existing investors including the Michael & Susan Dell Foundation and Unleash Capital also participated in the round. The capital will be deployed to expand CredRight’s loan book, enhance its technology platform, and deepen its presence across Tier-2 to Tier-4 cities and towns. With this infusion, Abler Nordic becomes the company’s largest equity investor and will collaborate with the leadership team to scale operations, strengthen governance, and deepen social impact across underserved regions.
Bridging India’s Credit Gap
Founded in 2016 in Hyderabad by Neeraj Bansal, alumnus of BIT Durg and IIM Lucknow, along with Vineet Jawa, ISB alumnus and serial entrepreneur, CredRight has built a unique “phygital” model that blends digital lending with 125 low-cost physical branches across four Indian states. The company currently services over 20,000 micro-enterprises—including shopkeepers, street vendors, and small traders—who are typically excluded from formal lending channels.
“Micro enterprises will play a significant role in India’s journey to a $10 trillion GDP. Access to institutional capital accelerates their growth and resilience. This fundraise, despite industry headwinds, is a testament to CredRight’s business model,” said Neeraj Bansal, Co-founder of CredRight.
Investor Perspectives
Highlighting the rationale behind its investment, Arthur Sletteberg, Managing Director at Abler Nordic, said: “This first investment from Fund V reflects both our confidence in CredRight’s model and our strong commitment to India as a priority market. By supporting CredRight with patient capital and active ownership, we aim to back a locally-rooted solution that effectively addresses the $169 billion credit gap in India’s micro-enterprise segment.”
Echoing this sentiment, Rakesh Goyal, Head – Financial Services, Michael & Susan Dell Foundation India, added: “Nano and micro entrepreneurs form the backbone of India’s economy, yet most lack access to fair and flexible capital. CredRight is changing that by blending technology with community reach, helping thousands of small businesses boost income, create jobs and achieve financial security.”
The Larger Opportunity
India’s MSME sector faces an estimated $530 billion credit gap, with micro-enterprises accounting for about $169 billion of the shortfall. Of the country’s 64 million micro-entrepreneurs, only 14% currently have access to individual business loans. The gap is most severe in semi-urban and rural markets, where conventional banking penetration remains limited.
CredRight’s approach directly addresses this challenge. According to the 2023 60 Decibels Microfinance Index, over 70% of CredRight’s customers reported increased incomes, higher savings, and improved financial management after availing its loans. With the Series B funding, the company aims to scale impact significantly and empower more than 10 million nano-enterprises across India’s underserved regions in the coming years.
By strengthening its digital lending platform while maintaining community-driven branches, CredRight is positioning itself as a key player in driving inclusive finance—supporting India’s vast but credit-starved backbone of micro-entrepreneurs.
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