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CredAvenuE-India's latest Unicorn in 2022

CredAvenue, a fintech company (headquarters:Chennai), connects enterprises with lenders and investors. The valuation rose to $1.3 billion from $410 million in September.

CredAvenue Pvt. became India’s latest unicorn after raising $137 million in a round led by Insight Partners, B Capital Group and Dragoneer.

CredAvenue, backed by Sequoia Capital and LightSpeed Ventures, is India's fastest fintech unicorn ($1billion valuation) within 18 months. 

CredAvenue specialises in providing digital solutions for all stages of the debt cycle. It has surpassed $12 billion in gross transactions on its marketplace and has over 2,300 enterprise customers, and more than 750 lenders.

CredAvenue plans to use the funds to expand in India, expand globally and invest in acquisitions. It recently bought Spocto, which specializes in technology to support collections.

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