EzCred Pvt Ltd

EzCred Pvt Ltd is an innovative financial technology company based in Bangalore, India, providing efficient digital lending solutions designed to simplify access to credit for individuals and small businesses. Founded in 2017, EzCred Pvt Ltd specializes in digital lending services aimed at providing a streamlined loan application process. The company operates out of Bangalore, India, and has completed a total of 4 deals, with the most recent funding round being a Seed round in which they raised INR 23. 790 mn, bringing the total amount raised to INR 23.

790 mn. The current company valuation stands at INR 448. 551 mn. In 2022, StrideOne acquired EzCred Pvt Ltd for an undisclosed amount.

EzCred. in specializes in providing innovative financial solutions primarily focused on digital lending services. Their core offerings include a streamlined loan application process that utilizes advanced algorithms to assess creditworthiness swiftly, catering to both individual consumers and small businesses. The platform aims to address common challenges faced by borrowers, such as long wait times and complicated application procedures, thereby enhancing accessibility to credit.

Customers include a diverse range of individuals seeking personal loans, as well as small enterprises requiring funding for operational expenses or expansion. The geographical markets for these products encompass urban and semi-urban areas in India, targeting regions where traditional banking services may be limited or less efficient. EzCred. in's revenue model is primarily based on transaction fees and interest income generated from loans issued through its platform.

In the most recent year, the revenue amounted to INR 101368. 2. Additionally, the EBITDA for the same period was reported as INR -106325. 4.

Clients engage with the company through a straightforward online application process, resulting in either one-time loans or recurring financing options, structured through direct-to-consumer channels to ensure a seamless funding process. Looking ahead, EzCred Pvt Ltd aims to launch new financial products tailored to the needs of its customer base, with specific plans slated for the upcoming year. The company is also targeting expansion into additional markets within India, with a focus on regions that have limited access to traditional banking services. Recent funding will be utilized to support these initiatives, enhancing their technological infrastructure and marketing efforts to reach a broader audience.