# CreditAccess Grameen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/creditaccess-grameen

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.creditaccessgrameen.in
- Total disclosed funding: $16M
- Latest round: Series C (Feb 26, 2013)
- Investors on record: 4

## About

CreditAccess Grameen Limited, based in India, specializes in microfinance services aimed at empowering low-income households through accessible financial solutions.Established in 1999 in Bangalore, India, CreditAccess Grameen Limited is engaged in providing microfinance solutions to underserved communities. The company's leadership includes Ganesh Narayanan, Maria Mendes, and Udaya Kumar. In August 2018, the company raised EUR 26.90 mn through an IPO, selling 26.8 million shares at INR 422 per share on the BSE. CreditAccess Grameen has completed a total of 18 deals, with the most recent deal occurring on August 10, 2018.CreditAccess Grameen Limited offers a range of microfinance products tailored to the unique needs of low-income households in India. Their offerings include income generation loans, home improvement loans, family welfare loans, emergency loans, and retail finance products like the Grameen Two-Wheeler Loan and Grameen Affordable Housing Loan. The company primarily serves over 4.8 million clients, focusing on women in rural and semi-urban areas. With a presence in various states including Karnataka, Maharashtra, Tamil Nadu, and Uttar Pradesh, CreditAccess Grameen ensures that financial services reach diverse geographical markets.In the most recent fiscal year 2023, CreditAccess Grameen reported a revenue of EUR 416,987,400.80 and an EBITDA of EUR 295,064,136.60. The company generates revenue through a structured lending model, engaging in B2C transactions where loans are provided to individuals for purposes such as starting or expanding small businesses and improving living conditions.CreditAccess Grameen plans to enhance its product offerings and expand its market reach. The company aims to introduce new financial products designed to further support low-income households in 2024. Following the successful IPO in August 2018, the funds raised will be utilized to support these initiatives and expand into new markets, targeting additional regions across India to ensure financial inclusion for more underserved populations.

## Funding rounds

- Series C, Feb 26, 2013, $9.8M — Aavishkaar Capital, Creation Investments Capital Management, Incofin Investment Management, CreditAccess Asia
- Series B, Nov 18, 2009, $6M — Aavishkaar Capital, Incofin Investment Management, CreditAccess Asia

## Investors

- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Series B, Series C
- Incofin Investment Management (https://capitalatlas.ai/funds/incofin-investment-management) — Series B, Series C
- CreditAccess Asia (https://capitalatlas.ai/funds/creditaccess-asia) — Series B, Series C
- Creation Investments Capital Management (https://capitalatlas.ai/funds/creation-investments-capital-management) — Series C