Fintech firm CredAble said it has raised $30 million (about Rs 225.4 crore) in a Series B funding round, co-led by Plutus Wealth Management and its associates and existing investor Oaks Asset Management.
The funds raised in this round will be used to enhance CredAble's platform to innovate and penetrate deeper into the ecosystem, to provide working capital solutions that are tailor-made for small businesses, and to create innovative debt capital market products for corporates and financial institutions, a statement said.
