CredCore has announced $16 million in Series A funding. The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners and senior executives in asset management and financial services, according to a company statement.
The statement said that CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually, but has seen limited technological innovation. By focussing on domain-specific Artificial Intelligence (AI), CredCore accelerates deal throughput and empowers customers to scale their teams and Assets Under Management (AUM). The CredCore platform has experienced surging demand and supports some of the largest asset managers and corporations in the United Stated (US), overseeing over $650 billion in AUM.
Saumil Annegiri, Co-Founder, CredCore, said in the statement, “Marrying credit and technology has been insurmountable. The industry is fragmented, complex and specialised, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data. However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop.”
The statement further mentioned that CredCore’s solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence and post-deal management. Its agentic platform enables customers to analyse, summarise and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment.
Karthik Nandyal, Co-Founder, CredCore, also said in the statement, “In terms of technology adoption, enterprise credit today parallels where equities were 30 years ago—but credit markets are significantly larger. With decades of industry experience, we built CredCore on a foundation of advanced AI research and innovative business processes to transform credit markets through technology. AI advancements like self-deployed models and more efficient architectures are enabling greater automation and enhanced data privacy, which is why we are able to guarantee outcomes for our customers.”
As AI reshapes financial services, CredCore is set to lead the transformation in debt capital markets. The new funding will be used to expand AI capabilities, grow the team and enhance the platform to support a broader range of credit market participants and deal types, as per the statement.
Nishant Rao, Founding Partner, Avataar Ventures, commented, “We invested in CredCore because the leadership team’s vision and execution track record is positioned to capitalise on two supercycles: private credit and AI.”
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