# Canpe Solutions India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canpe-solutions-india-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.icanpe.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Jun 10, 2021)
- Investors on record: 3

## About

Canpe Solutions India Private Limited specializes in providing an AI-powered Credit Management Platform aimed at enhancing automated collections and settlements for financial institutions, focusing on early arrears management and non-performing asset recovery.Founded in 2019 in Bangalore, India, Canpe Solutions India Private Limited develops solutions that streamline credit management for lenders. The company raised INR 33.80 mn in Seed funding in June 2021, led by Axilor Ventures with participation from Manipal Technologies Limited and Yatra Angel Network. The firm has engaged in one investment deal to date, resulting in a total amount raised of INR 33.80 mn and a current company valuation of INR 150.296 mn. The company was established by Arindam Choudhury, who has a background in founding and managing technology-driven businesses.ICanPe's core offering is an AI-powered Credit Management Platform designed to facilitate automated collections and settlements, specifically targeting early arrears management and non-performing asset (NPA) recovery for lenders. The platform employs a sophisticated 6-step process that transforms default information into actionable recovery strategies, effectively addressing challenges faced by financial institutions globally. ICanPe caters to a diverse clientele, including lending institutions, marketplaces, retail organizations, and asset recovery companies (ARCs). The platform is built on a foundation of advanced algorithms derived from consumer science, behavioral economics, and machine learning, focusing on the principles of empathy and borrower privacy. While the company primarily operates in the Indian market, its solutions are designed to be scalable and applicable to a wide range of international markets, notably those experiencing high rates of loan defaults.ICanPe generates revenue through a subscription-based model, where clients pay for access to the platform and its suite of services. The transactions typically involve B2B relationships with lending institutions and ARCs, encompassing the use of the Debt Recovery-As-A-Service (DRAAS) framework. This structure allows clients to implement the platform's intelligent and empathic recovery strategies without significant upfront investments in technology or operational infrastructure. The revenue for the most recent year, 2023, was INR 64,517.3, with an EBITDA of INR -171,323.4.Canpe Solutions plans to leverage its recent Seed funding of INR 33.80 mn from June 2021 to enhance its software-as-a-service platform and drive product innovation. The company aims to expand its presence into new markets, focusing on regions with high loan default rates. The funds will also bolster Canpe Solutions' sales and marketing efforts as the company seeks to strengthen its market position and customer base.

## Funding rounds

- Seed, Jun 10, 2021, $0.5M — Axilor Ventures, Yatra Angel Network, Manipal Technologies Limited

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed
- Yatra Angel Network (https://capitalatlas.ai/funds/yatra-angel-network) — Seed
- Manipal Technologies Limited — Seed