CredAble and Supertron Forge Alliance to help small businesses achieve Financial Inclusion
Supertron, one of the leading IT hardware and mobility distributors in the country has announced a partnership with CredAble, India’s leading FinTech platform providing working capital and supply chain finance solutions, to offer their innovative digital platform to all Business Partners of Supertron.
Through this collaboration, CredAble and Supertron will deliver innovative financial solutions to Supertron’s business partners – which are mostly small businesses (SMEs and MSMEs) – a segment that remains largely ignored by traditional finance providers.
Ram Kewalramani, the Co-founder and Managing Director of CredAble, expressed his excitement about partnering with Supertron and extending the benefits of the platform to their business partners. He stated, “We strongly believe that access to flexible financing is essential for businesses to thrive, and we are proud to join forces with Supertron to support the growth and success of businesses across India. Through this partnership, we aim to provide a comprehensive suite of innovative financing solutions to help businesses unlock their full potential and achieve their goals.”
CredAble’s platform offers flexible, transparent financing solutions that are tailored to meet the specific needs of each business. It also offers a range of features designed to help businesses digitalize their operations and aid in business decision making to bolster growth, such as digital invoicing, payables management, receivables management, and a Tally connector.
Nirmal Kumar Meharia, Chief Financial Officer of Supertron, is equally delighted to partner with CredAble says, “We believe that CredAble’s range of financing options and features will be invaluable to our business partners, helping them manage their cash flow and optimize their operations for sustained growth. Our collaboration with CredAble reinforces our commitment to providing innovative solutions that empower businesses across India. We are confident that our partnership with CredAble will help our partners achieve their business goals, and we look forward to a successful collaboration.”
CredAble’s state-of-the-art digital credit underwriting and financing platform provides a range of financing options and features designed to help businesses manage their cash flow and optimize their operations.
About CredAble:
Established in March 2017 by Nirav Choksi and Ram Kewalramani, CredAble is India’s largest working capital technology platform enabling more than USD 6 billion annually in working capital for India Inc. which includes large, mid, emerging corporates, MSMEs, and financial institutions. CredAble’s platform hosts over 100 corporate customers, over 2,50,000 small business borrowers, and over 35 large financial institutions and banks. By leveraging technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, CredAble leads the working capital space while witnessing over 500% year-on-year growth.
Backed by well-known investors such as Oaks Asset Management, Plutus Wealth Management LLP and Axis Bank Limited, the company was granted NBFC (BBB Stable) license by RBI in 2019 and offers post invoice discounting and other working capital finance products. Apart from catering to the financial needs of the SME segment, the company offers financial services through its platform products to customers such as Large Corporates, Mid-Market and Emerging Corporates, Financial Institutions.
The Company was recently awarded as fintech startup of the year 2022 at The Asset Triple A Digital Awards 2022 followed by “The Best Banking Tech of the Year” at the Asia Fintech Award 2022 for building a tech stack that is robust & agile which has transformed the working capital landscape in the country. It was also awarded in the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and as the Best Supply Chain Finance Solution of the Year 2019 at the Inflection 2019, a leading supply chain summit. The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020, and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.
