When was AbleCredit founded?

AbleCredit was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is AbleCredit located?

AbleCredit is headquartered in Bengaluru, India. It is registered at HD-093, WeWork Salarpuria Symbiosis, Arekere Village, Begur Hobli, Bannerghatta Road, Bangalore, Bangalore South, Karnataka, India, 560076.

Who is the current CEO of AbleCredit?

Utkarsh Apoorva of AbleCredit. They have also founded 1 company.

Which legal entities is AbleCredit associated with?

AbleCredit is associated with Lightbees Technologies Private Limited.

How many employees does AbleCredit have?

As of Feb 28, 2026, the latest employee count at AbleCredit is 28.

Is AbleCredit a funded company?

AbleCredit is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 21, 2024.

How much is AbleCredit worth?

The latest valuation of AbleCredit is ₹***** as of Apr 01, 2025.

When was the latest funding round of AbleCredit?

AbleCredit's latest funding was a $***** Seed round on Feb 21, 2024, with participation from 4 investors.

What is the annual revenue of AbleCredit?

Annual revenue of AbleCredit is ₹1.33L as on Mar 31, 2024.

Where does AbleCredit rank among its competitors?

AbleCredit ranks 46th amongst 745 active competitors, of which 170 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Zest AI, which secured an undisclosed amount in Nov, 2025.

Who are the top competitors of AbleCredit?

AbleCredit's top competitors include Borrowell, Juvo and Nova Credit. Among them, Zest AI secured the most recent funding round in November, 2025.

AbleCredit - 2026 Company Profile, Team, Funding, Competitors & Financials

AbleCredit is a seed company based in Bengaluru (India), founded in 2023 by Anubhab Bandyopadhyay, Harshad Saykhedkar, Ashwini Prabhu and Utkarsh Apoorva. It operates as a Provider of automated software workflows for financial credit evaluation processes. AbleCredit has raised $1.25M in funding from Merak Ventures, with a current valuation of ₹*****. The company has 745 active competitors, including 170 funded and 65 that have exited. Its top competitors include companies like Borrowell, Juvo and Nova Credit.

Company Details

Provider of automated software workflows for financial credit evaluation processes. This platform utilizes artificial intelligence to assist in document verification, income assessment, and risk profiling for lending institutions. The technology automates the generation of credit analysis reports and facilitates field assessments through digital data collection tools. These systems monitor portfolio health and detect potential fraud during the loan lifecycle. The software integrates into existing lending operations to standardize decision-making and improve the efficiency of credit processing tasks.

Website: www.ablecredit.com/
Email ID: *****@ablecredit.com
Phone Number: +91 **********
Registered Address: HD-093, WeWork Salarpuria Symbiosis, Arekere Village, Begur Hobli, Bannerghatta Road, Bangalore, Bangalore South, Karnataka, India, 560076

Key Metrics

Founded Year

2023

Location

Bengaluru, India

Stage

Seed

Total Funding

$1.25M in 1 round

Latest Funding Round

Seed, Feb 21, 2024, $*****

Post Money Valuation

₹***** as on Apr 01, 2025

Investors

Merak Ventures & 3 more

Ranked

46^th among 745 active competitors

Annual Revenue

₹1.33L as on Mar 31, 2024

Employee Count

28 as on Feb 28, 2026

Similar Companies

Cleo AI & 2342 more

View AbleCredit's full profile

AbleCredit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Lightbees Technologies Private Limited CIN: U62090KA2023PTC171940 , India, Active	Apr 05, 2023	$22.4K (As on Mar 31, 2025)	28 (As on Feb 28, 2026)

AbleCredit has raised a total funding of $1.25M over 1 round. Its latest funding round was a Seed round on Feb 21, 2024 for $*****. 4 investors participated in its latest round. AbleCredit has 3 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of AbleCredit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 21, 2024	7911293	Seed	8174031	6397698	8231160	6437359

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View details of AbleCredit's funding rounds and investors

The founders of AbleCredit are Anubhab Bandyopadhyay, Harshad Saykhedkar, Ashwini Prabhu and Utkarsh Apoorva. Utkarsh Apoorva is the CEO of AbleCredit.

Here are the details of AbleCredit's key team members:

Anubhab Bandyopadhyay: Former Co-Founder of AbleCredit and founder of 1 other company.
Contact Info: 1 email address
Harshad Saykhedkar: Co-Founder & Chief AI Officer of AbleCredit and founder of 1 other company.
Contact Info: 1 email address and 1 phone number
Ashwini Prabhu: Co-Founder & CTO of AbleCredit and founder of 1 other company.
Contact Info: 1 email address and 1 phone number
Utkarsh Apoorva: Co-Founder & CEO of AbleCredit and founder of 1 other company.
Contact Info: 1 email address

View details of AbleCredit's Founder profiles and Board Members

AbleCredit's employee count trend

AbleCredit has 28 employees as of Feb 26. The total employee count is 3.0% lower than what it was in Feb 25. Here is AbleCredit's employee count trend over the years:

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Top competitors of AbleCredit include Borrowell, Juvo and Nova Credit. Here is the list of Top 10 competitors of AbleCredit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Borrowell 2014, Toronto (Canada), Series B	Provider of a credit monitoring and financial products comparison platform	$53.6M	Equitable Bank, Portage & 28 others	76/100
2nd	Juvo 2014, San Francisco (United States), Series B	Alternative credit soring solutions based on mobile data transactions	$59.3M	Wing Venture Capital, New Enterprise Associates ... & 14 others	72/100
3rd	Nova Credit 2016, San Francisco (United States), Series D	Provider of unified consumer credit data infrastructure and analytics platform	$156M	Kleiner Perkins, General Catalyst & 35 others	71/100
4th	Scienaptic 2014, New York City (United States), Series A	Provider of an AI-powered credit decisioning platform for financial institutions	$9.89M	TVS Motor Company, 4Front Credit Union & 7 others	70/100
5th	FinBox 2015, Bengaluru (India), Series B	Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending	$51.1M	IIFL Finance, A91 Partners & 25 others	69/100
6th	nCino 2011, Wilmington (United States), Public	Provider of a platform for digitizing and reengineering financial service processes	$222M	Wellington, Insight Partners & 19 others	69/100
7th	Nithio 2017, Washington, DC (United States), Series B	Analytics & financial solutions for the distributed solar energy sectors	$63.8M	ElectriFI, DFC & 12 others	68/100
8th	Demyst 2010, New York City (United States), Acquired	Provider of a platform for external data management and access	$64.5M	Accion, MissionOG & 13 others	67/100
9th	Zest AI 2009, Burbank (United States), Series D	Provider of AI-enabled credit risk assessment platform	$319M	Insight Partners, SchoolsFirst Federal Credit Union ... & 30 others	67/100
10th	Taktile 2020, Berlin (Germany), Series B	Provider of an agentic decision platform for financial service applications	$78.8M	Index Ventures, Tiger Global Management & 18 others	64/100
46th	AbleCredit 2023, Bengaluru (India), Seed	Provider of automated software workflows for financial credit evaluation processes	$1.25M	Venture Catalysts, Helios Holdings & 2 others	52/100

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Founders (largest shareholder) own 54.93%, Funds own 18.11%, Angels own 1.01% and Other People own 15.95%. The net worth of AbleCredit's founders is INR 27.2Cr as of Apr 01, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	54.93%	27.2Cr	3443271	1098418	4618283	6132296
Ashwini Prabhu	8564323	2590677	5552827	3196614	5947898	3520652
Utkarsh Apoorva	9018656	6597192	7859501	5165994	1315665	4296667
Harshad Saykhedkar	9297503	5978301	7116213	9486614	2854812	7461537
Fund	18.11%	8.96Cr	8308478	7604674	1922006	1188517
Merak Ventures	5563219	3529041	6231756	1480166	8739869	4816496
Venture Catalysts	68	73	86	63	40	93
Angel	1.01%	50.1L	5	7	5	1
Other People	15.95%	7.89Cr	4029476	4949376	6784953	2596284
ESOP Pool	10.01%	4.95Cr	6368467	1469146	3963461	8293547
Total	100.00%	49.5Cr	3216242	3122463	2763877	3934650