CredRight raises $10M Series B to Boost Micro-Enterprise Lending

CredRight, a Hyderabad-based NBFC, raised $10M in Series B funding led by Abler Nordic, with support from the Michael & Susan Dell Foundation. Founded in 2016 by Neeraj Bansal and Vineet Jawa, it serves over 20,000 micro-enterprises in tier-II to IV markets using a ‘phygital’ model. CredRight addresses India’s $530B MSME credit gap, competing with Kinara Capital, focusing on inclusive finance and MSME lending.