AI & other emerging tech to revolutionise debt recovery for banks, NBFCs - Express Computer

Established in 2017, Credgenics is a SaaS-based end-to-end debt recovery platform. Presently, over 50 lenders are using the platform, which includes seven banks with notable names like ICICI, Axis, and HDFC and more than 40 NBFCs, such as LoanTap, Drip Capital, Udaan, among others. In the last three years Credgenics has managed to grow MoM from 80–100 per cent. The startup has raised Series-A round funding, with Tanglin Venture Partners and Westbridge Capitals being the main contributors, with participation from the existing investor Accel Partners; the valuation has now reached to US$ 100 million. Credgenics has also on-boarded more than 2200 lawyers and collection-partners, apart from building a solid team of more than 150 enthusiasts and experts.