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# Indian fintech platform CredAble secures $9 million in funding
- URL: https://www.techloy.com/indian-fintech-platform-credable-secures-9-million-in-funding/
- Published: 2022-08-04T16:19:19.000Z
- Updated: 2022-12-07T22:14:30.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[CredAble,](https://www.credable.in/) a fintech startup based in India has secured $9 million in its new funding round led by Axis Bank, a private sector lender.

- The fund will be used to accelerate the growth of the fintech startup, it claims.
- Founded in 2017, CredAble provides working capital to large, mid, emerging corporates, micro, small and medium enterprises (MSMEs), and financial institutions.
- Axis Bank will acquire 5% of the fintech company with this investment scheduled to complete by 30 September.
- Oaks Asset Management, an existing investor participated in the round.