Kredily

Kredily is an Indian company that specializes in providing HR and payroll software solutions, catering to businesses of all sizes with a focus on efficiency and compliance in human resource management. Founded in 2017 in Bangalore, India, Kredily has established itself as a provider of HR and payroll solutions. The company was initiated by Devendra Khandegar, who serves as the CEO. Kredily has successfully raised INR 41.

862 mn in venture funding from investors including Indus Valley Partners, Mumbai Angels, Peaceful Progress, and Yenom Capital, achieving a total amount raised of INR 41. 862 mn and a current valuation of INR 741. 300 mn. Kredily offers a comprehensive suite of HR and payroll software solutions designed to streamline human resource management for businesses of all sizes.

The core product, known as Free Forever Attendance, HR & Payroll Platform, automates critical HR functions including employee data management, attendance tracking, benefits administration, and payroll processing. This software aims to eliminate repetitive tasks and enhance organizational efficiency by providing a user-friendly interface that requires no extensive training for implementation. Kredily serves a diverse client base across various industries, including non-profits, startups, and established enterprises, with a notable presence in the Indian market as well as expanding reach in other geographical areas such as Southeast Asia and the Middle East. The platform caters to over 20,000 companies and supports more than 800,000 employees, enabling them to manage HR tasks with accuracy and compliance with labor laws and tax regulations.

In the most recent fiscal year of 2023, Kredily reported a revenue of INR 233,318. 80 and an EBITDA of INR -409,404. 30, indicating the company's current financial performance within the market. Kredily is focused on expanding its product offerings and geographic reach.

Plans are underway to design and launch new features that enhance the existing HR and payroll solutions, with a targeted rollout by late 2024. Additionally, Kredily aims to penetrate new markets, specifically in Southeast Asia and the Middle East, capitalizing on its recent funding of INR 41. 862 mn from investors, which will support these growth initiatives and product enhancements.