~ Eyes markets in Singapore, UAE, UK, Australia, Philippines, Indonesia, SEA, ME, Australia, and US ~
~ CredAble is poised to help FIs seize the monumental USD 17 TN working capital opportunity~
India, 13th September 2023: CredAble, a trailblazing fintech firm renowned for innovative working capital financing solutions, is excited to announce its strategic global expansion into Singapore, UAE, UK, Australia, Philippines, Indonesia, SEA, ME, Australia, and US. This expansion introduces its advanced Banking-as-a-Service (BaaS) offerings, reshaping global financial service engagement.
Having enabled over USD 6 billion annually in working capital, CredAble crafted India’s largest working capital platform, bolstering fintech infrastructure for corporate India’s diverse participants.
Sharing his enthusiasm about the international expansion, CEO & Co-founder, Mr. Nirav Choksi, said, “As we embark on this new chapter with CredAble enabling working capital for businesses of all sizes through its award-winning technology platform, we remain dedicated to our core values of innovation, collaboration, and customer-centricity. The challenges businesses face in managing their working capital are universal and our technology-powered solutions are designed to make a positive impact on the efficiency, liquidity, and growth potential of companies worldwide. Hence, CredAble is now in a unique position to help global FIs seize new revenue opportunities by offering them state-of-the-art BaaS platform to build and launch their own regulatory-compliant working capital financing solutions. Moreover, At CredAble, our goal is to become a trusted partner for businesses globally, offering them the financial tools they need to thrive and navigate the complexities of today’s interconnected supply chains in the financial ecosystem.”
CredAble empowers financial institutions through API-driven working capital tech and BaaS offerings, spanning Pre- to Post-shipment Financing, Embedded Finance, and Beyond Banking services for SMEs. This allows banks to tap into Enterprise and SME segments, unlocking substantial revenue avenues. With a USD 17TN global working capital opportunity, CredAble’s global expansion is poised for success.
Mr. Satyam Agrawal, Global Head of Product & MD – International Business (Asia Pacific & ME) shared, “Real growth in the realm of banking is to embrace change and seize the opportunity to evolve. CredAble’s Banking-as-a-Service (BaaS) is the key that unlocks a world of new revenue possibilities for financial institutions. By leveraging this innovative approach, Banks can quickly craft bespoke, yet scalable solutions tailored to the needs of burgeoning and diverse Enterprise and SME Ecosystems. Empowered by technology, with BaaS, leaders in the Banking space can enable Personalisation and at the same time be agile to drive their growth agenda. As we embrace this digital era, the path to success lies in understanding and catering to the unique demands of every customer or every partner.”
The international expansion exemplifies CredAble’s drive to transform global supply chains with working capital solutions. BaaS platform enables infrastructure to seamless access to on-time working capital, cash flow management and forecast, strengthening global supply chains & trade finance, and allowing banks to offer Beyond Banking services like E-Invoicing platforms, Secure Payments and Auto-reconciliation.
Moreover, CredAble embraces its mission to drive positive change globally and this expansion underscores its dedication to equipping businesses and individuals for success in the evolving financial landscape.
