Fintech start-up offering tools to reduce credit risk raises $3.2 million

Less than 15 per cent of the 50+ million small businesses in India have access to formal credit

Crediwatch, a Bangalore-based TechFin company building AI/ML tools to help the financial services industry reduce credit risk has secured $3.2 Million in Series-A funding. Led by ARTIS Labs, the funding will accelerate R&D and commercialization of Crediwatch’s platform, the company said in a statement.  

Prior to this, Crediwatch has raised $1.6 million from Modern India, family offices of Vijay Kumar Jatia, Contrarian Vriddhi Fund, Vaibhav Domkundwar’s Better Capital, Mekin Maheshwari (Flipkart) and Pithambar Gona (former MD of Blackstone PE Asia) bringing the total funding till date to $5 million.

Crediwatch is a ‘Data Insights-as-a-service’ company that provides lenders, businesses with