CredCore, a New York-based vertical AI company focused on transforming credit investing and management, has raised $16 million in Series A funding.
Investors
The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services.
Avataar Ventures is a growth-stage venture capital firm based in Bengaluru, India, specializing in investments in technology-related companies across India and Southeast Asia. Founded in 2019, the firm focuses on B2B and SaaS companies.
CredCore Use of Funds
The company will use the funding to expand its AI capabilities, grow the team, and enhance the platform.
About CredCore
Founded in 2022 by Karthik Nandyal and Saumil Annegiri, CredCore is a vertical AI company that provides debt management for lenders and borrowers. By leveraging advanced AI models supervised by credit experts, CredCore accelerates deal throughput, enhances diligence, and enables funds to scale AUM efficiently. The company’s solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management.
Funding Details
Company: CredCore Inc
Raised: $16.0M
Round: Series A
Funding Date: February 2025
Lead Investor: Avataar Ventures
Additional Investors: Inspired Capital, Fitch Group, BellTower Partners
Company Website: https://www.credcore.com/
Software Category: Financial
Source: https://www.prnewswire.com/news-releases/credcore-announces-16-million-in-funding-to-revolutionize-enterprise-debt-investment-with-ai-302381047.html