CredAble raises USD 4.5 mn from existing investors Mumbai

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CredAble raises USD 4.5 mn from existing investors Mumbai, Oct 28 (PTI) Supply chain finance fintech player CredAble on Wednesday said it has raised USD 4.5 million or Rs 33.18 crore in a follow-on funding round from existing investors.

The funds have been raised from the company’s founders — Nirav Choksi and Ram Kewalramani– and its existing investors — Oaks Asset Management (erstwhile Alpha Capital) and V’Ocean Investment.

“The funds are going to be utilized for growth and further capitalizing CredAble’s own non-banking financial company (NBFC),” the company said in a release.

****************** Satin Creditcare Network disburses the first loan under PM SVA Nidhi scheme *Micro lender Satin Creditcare Network has disbursed its first loan under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVA Nidhi) scheme.

The loan of Rs 10,000 was disbursed to Munna Lal from Rambagh, Agra who is a blacksmith who wishes to expand his small business, the lender said.

The scheme is aimed at improving the financial condition of street vendors.

****************** Bada Business creates five world records by imparting learning lessons * EdTech start-up Bada Business, which is engaged in business skill training courses, has created five world records by imparting learning lessons to 1 crore people during the April-September lockdown period, the company said at a webinar on Wednesday.

The pandemic has given a major stimulus to digital learning and upskilling and the company’s learning lessons between April-September were attended by 1 crore people cumulatively, Bada Business said.

‘Bada Business is the first company in the world to have 5 Guinness World Records to its name,’ the company said.

The world records are in terms of largest online business lessons, largest online sales lesson, most viewers for a strategy management video on YouTube, most viewers for a retail management lesson on YouTube and most live viewers for a start-up business management. PTI HV KPM SHW SHW.

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