# AbleCredit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ablecredit

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.ablecredit.com/
- Total disclosed funding: $1.2M
- Latest round: Seed (May 28, 2024)
- Investors on record: 3

## About

Founded in 2023 and based in Karnataka, India, Lightbees Technologies trading name under AbleCredit operates as a software platform that engages in the automation of generating credit reports. In May 2024, AbleCredit raised INR 100 million in seed funding led by Merak Ventures, with participation from Helios Investment Partners and Venture Catalysts.

The company provides a wide range of AI-driven credit assessment solutions, such as fraud-proof PD reports, cashflow verification, eligibility checks, and risk signal analysis. Its AI models estimate turnover using images, assess claimed income, and detect fraud patterns. Additionally, the firm also provides services such as industry benchmarking, collateral document analysis, automated personal discussions, and credit automation for lenders.

## Funding rounds

- Seed, May 28, 2024, $1.2M — Helios Investment Partners, Venture Catalysts, Merak Ventures

## Investors

- Helios Investment Partners (https://capitalatlas.ai/funds/helios-investment-partners) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- Merak Ventures (https://capitalatlas.ai/funds/merak-ventures) — Seed