CreditVidya

CreditVidya leverages AI and big data to transform credit underwriting, enhancing access to loans for individuals with limited credit histories. Founded in 2013 and headquartered in Hyderabad, India, CreditVidya specializes in innovative credit assessment solutions. The company was co-founded by Abhishek A and Rajiv Raj. CreditVidya recently secured INR 206.

610 mn in its Series B funding round led by Centre for Innovation, Incubation and Entrepreneurship, bringing the total amount raised to INR 206. 610 mn. The most recent deal occurred on November 29, 2022, with CreditVidya being acquired by Dreamplug Technologies Pvt Ltd. CreditVidya's flagship offering, EVE, utilizes advanced artificial intelligence and big data to address the challenges of credit underwriting.

By integrating alternative data sources, EVE enables lenders to assess the creditworthiness of first-time borrowers, particularly within underserved markets across India. The company serves various financial institutions seeking to expand their lending capabilities and enhance risk assessment methodologies. In the most recent fiscal year of 2021, CreditVidya reported revenues of INR 1,708,890. 70, while experiencing an EBITDA loss of INR 1,109,000.

10. Following its acquisition in November 2022, CreditVidya aims to expand its product offerings and enhance its market presence. The company plans to develop new functionalities within its EVE product and to target additional geographic markets in India, with an emphasis on reaching underserved populations. The recent funding will support these initiatives, enabling CreditVidya to broaden its technology infrastructure and scale its operations.