India fintech Credgenics raises $50m; valuation jumps

Firm, now worth $350m, seeks international business expansion

20230810 Credgenics

Launched in 2019, Credgenics is a software-based loan collection and legal automation platform. (Screenshot from Credgenics' website) 

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- India's software-as-a-service debt collection platform Credgenics on Wednesday said it has raised $50 million in a Series B funding round led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors.

The funding more than tripled Credgenics' valuation to $350 million from its last Series A fundraising of $25 million in 2021, when it was valued at $100 million.

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