Credable - About the company
Credable is a seed company based in Dubai (United Arab Emirates), founded in 2021 by Jad Abbas. It operates as a Provider of digital banking platform embedding financial services in emerging markets. Credable has raised $2.5M in funding from Ventures Platform and The Continent Venture Partners. The company has 541 active competitors, including 159 funded and 62 that have exited. Its top competitors include companies like Razorpay, Cross River Bank and Tink.
Company Details
Provider of digital banking platform embedding financial services in emerging markets. The platform partners with financial institutions and businesses to launch financial services. These services include credit, savings, and payments products using B2B2C digital infrastructure. The platform provides end-to-end solutions, allowing businesses to focus on their core operations.
- Website
- credable.io
- Email ID
- *****@credable.io
Key Metrics
Founded Year
2021
Location
Dubai, United Arab Emirates
Stage
Seed
Total Funding
$2.5M in 2 rounds
Latest Funding Round
Investors
Ranked
93rd among 541 active competitors
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Credable's funding and investors
Credable has raised a total funding of $2.5M over 2 rounds. Its first funding round was on 2021. Its latest funding round was a Seed round on Mar 20, 2023 for $*****. 6 investors participated in its latest round. Credable has 7 institutional investors.
Here is the list of recent funding rounds of Credable:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2023 | 1471813 | Seed | 1680422 | 4249311 | 8352562 | 7253033 |
2021 | 7644 | Seed | 1539 | 8113 | 8776 |
Access funding benchmarks and valuations. Sign up today!View details of Credable's funding rounds and investors
Credable's founders and board of directors
Founder? Claim ProfileHere are the details of Credable's key team members:
- Jad Abbas: Co-Founder And Cfo of Credable.
- Zaeem Khan: CEO of Credable.
- Nadeem Juma: Founder& Chairman of Credable and founder of 4 other companies, including AIM Group, DIA and E-fulusi. Contact Info: 1 email address
View details of Credable's Founder profiles and Board Members
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Credable's Competitors and alternates
Top competitors of Credable include Razorpay, Cross River Bank and Tink. Here is the list of Top 10 competitors of Credable, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 86/100 | ||
2nd |  Cross River Bank 2008, Fort Lee (United States), Series D | Provider of an open banking API solutions for financial institutions | $898M | 79/100 | |
3rd | Provider of open banking platform offering payment services and data enrichment | $359M | 77/100 | ||
4th | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking platform facilitating payments and data solutions | $322M | 77/100 | |
5th | Provider of in-store and online payment, prepaid, and financial solutions | $954M | 75/100 | ||
6th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
7th | Developer of open banking API solutions | $280M | 72/100 | ||
8th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
9th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 72/100 | ||
10th |  Bud 2015, London (United Kingdom), Series B | Developer of open banking API and financial data analysis for businesses | $103M | 71/100 | |
93rd |  Credable 2021, Dubai (United Arab Emirates), Seed | Provider of digital banking platform embedding financial services in emerging markets | $2.5M | 49/100 |
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Credable's Investments and acquisitions
Credable has made no investments or acquisitions yet.
Reports related to Credable
Here is the latest report on Credable's sector:
News related to Credable
Media has covered Credable for 1 event in last 1 year, It was about partnerships.
•
Citi and CredAble Partner to Digitize Trade Finance GloballyPYMNTS.com•Jan 06, 2026•Citi, Credible Meds, Credable
•
CredAble and PowerCred Join Forces to Revolutionize Working Capital Tech for Indonesian BanksEIN Presswire•Dec 05, 2024•CredAble, PowerCred, Credable
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Finastra partners with CredAble to deliver a holistic supply chain finance offering to banks globallyPR Newswire•Jul 23, 2024•Finastra, Credable, , CredAble and 1 other
•
CredAble Secures INR 30 Cr. from SIDBI to Facilitate Financing for India’s MSMEs and Women-Led BusinessesBusiness News This Week•Jun 12, 2024•Credable, SIDBI, CredAble
•
CredAble supports World Trade Board plan to empower SMEs through trade and financeBusiness News This Week•Mar 28, 2023•Credable
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Fintech Firm Credable Secures Funding to Enhance Virtual Banking ServicesCrowdfund Insider•Mar 21, 2023•Credable, CredAble, The Continent Venture Partners, Ventures Platform and 5 others
•
Dubai-based Credable raises $2.5m seed funding to provide embedded finance solutions for emerging marketsTechpoint.Africa•Mar 20, 2023•Credable, Magic Fund, Acasia Ventures, Asia Africa Investment and Consulting and 7 others
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