# Incredible Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/incredible-technologies-private

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.credr.com
- Total disclosed funding: $28M
- Latest round: Series A (May 7, 2021)
- Investors on record: 10

## About

Incredible Technologies Private Limited, through its platform Credr, provides innovative financial technology solutions that enhance credit management and accessibility for individuals and small businesses.Incredible Technologies Private Limited was founded in 2015 and is headquartered in Bangalore, India. The company specializes in financial technology, focusing on streamlining the lending process for consumers and businesses. Founder Nikhil Jain has a history of entrepreneurship, contributing to the company's strategic vision. In June 2021, Incredible Technologies raised INR 481 million in venture funding, led by Yamaha Motor Ventures, with participation from several investors. The total amount raised by the company is INR 481 million, reflecting the funding received through various deals including nine transactions.Credr specializes in financial technology solutions aimed at improving the management and accessibility of credit. Its core offerings include a platform that simplifies the lending process, allowing consumers and businesses to efficiently access credit. Clients benefit from a user-friendly interface that helps navigate loan options and manage repayments. The target audience includes individuals and small to medium-sized enterprises (SMEs) in urban areas of North America and parts of Europe.In 2022, Credr reported a revenue of INR 3,074,135.4, while experiencing an EBITDA of -INR 4,255,547.9. The company's revenue model primarily relies on subscription-based services, providing clients with access to various financial products. This model ensures steady income through both consumer and B2B channels.Incredible Technologies plans to utilize the recent funding raised in June 2021 to consolidate its market position, enhance its technology platform, and expand its customer offerings. The company is focusing on launching new products designed to meet evolving market needs. Additionally, there are plans for geographic expansion into new markets, though specific regions have not been disclosed at this time.

## Funding rounds

- Series A, May 7, 2021, $6.2M — Eight Roads Ventures, Omidyar Network, AngelList, Astarc Ventures, Yamaha Motor Ventures, BlackSoil, Yukti Securities
- Series A, Oct 3, 2020, $2M — Eight Roads Ventures, On Mauritius
- Series B, Dec 5, 2019, $5.3M — Eight Roads Ventures, Omidyar Network, AngelList, GrowthStory
- Series A, Aug 30, 2018, $4M — Eight Roads Ventures, Sama Family Trust
- Series A, Sep 3, 2015, $11M — Eight Roads Ventures

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B
- Sama Family Trust — Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B, Series A
- AngelList — Series B, Series A
- GrowthStory (https://capitalatlas.ai/funds/growthstory) — Series B
- On Mauritius — Series A
- Astarc Ventures (https://capitalatlas.ai/funds/astarc-ventures) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A
- BlackSoil — Series A
- Yukti Securities — Series A