CreditWise Capital is an Indian consumer finance registered NBFC which provides technology-driven loans to customers focusing to purchase two-wheelers.[1] It is headquartered in Mumbai, Maharashtra, India.[2][3]
| Company type | Private Limited |
|---|---|
| Industry | Finance |
| Founded | 2019 |
| Headquarters | , |
Area served | India |
Key people | Aalesh Avlani (Executive Director & Co-founder) and Gurpreet Singh Sodhi (Chief Executive Officer) |
| Services | Financial services |
| Website | creditwisecapital |
History edit
Credit Wise Capital was established in 2019 by Aalesh Avlani and Gurpreet Singh Sodhi.[4]
In October 2020, Credit Wise Capital raised $6 million from family offices in seed funding round.[5] In December 2021, The company launched WhatsApp integrated bot 'Twin2', for Two-Wheeler Loans.[6][7]
In June 2022, Credit Wise Capital partnered with Suryoday Small Finance Bank for INR 100 CR.[8] In June 2023, Credit Wise Capital partnered with Muthoot Capital for INR 400 CR.[9]
In September 2023, HDFC Bank partnered with Credit Wise Capital for extending two-wheeler loans.[10]
References edit
- ^ "HDFC Bank pact to triple disbursal run rate: Credit Wise Capital CEO". Financialexpress. 21 September 2023.
- ^ White, Alexandria. "Monitor your Experian and TransUnion credit reports for free with CreditWise from Capital One". CNBC.
- ^ "CreditWise Capital: Marrying Tech and Tradition in Indian Lending". Bru Times News.
- ^ "RBI expected to retain benchmark rate: Experts". Deccan Herald.
- ^ Mathur, Nandita (6 October 2020). "Credit Wise Capital raises $6 million from family offices, angels". mint.
- ^ "Credit Wise Capital launches WhatsApp-integrated bot 'Twin2' for 2-wheeler loans". mint. 13 December 2021.
- ^ Network, BFSI (13 December 2021). "Credit Wise Capital launches Twin2 to offer Two-Wheeler Loans in Two Minutes". Elets BFSI.
- ^ "Credit Wise Capital partners with Suryoday Small Finance Bank for INR 100 CR to disrupt the Two Wheeler Finance Journey". APN News.
- ^ Kochi, BL (21 June 2023). "Credit Wise Capital partners with Muthoot Capital for two-wheeler loans". BusinessLine.
- ^ "Credit Wise Capital enters into co-lending tie up with HDFC Bank". The Hindu. 16 September 2023.