# Oktober6

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oktober6

- Industry: Software
- Headquarters: London, UK
- Website: www.creditenable.com
- Total disclosed funding: $7M
- Latest round: Seed (Jan 18, 2021)
- Investors on record: 5

## About

Oktober6 Ltd, through its platform CreditEnable, enhances access to credit for individuals and small businesses by streamlining the loan application process using advanced analytics.Founded in 2016, Oktober6 Ltd operates from London, UK, specializing in financial solutions that connect borrowers with lenders. The company has completed a total of 4 deals, with its most recent fundraising occurring on January 18, 2021, when it raised INR 146 million in Seed funding co-led by Venture Catalysts and JPIN Venture Catalysts. The CEO of the company, Nadia Sood, is one of the founders along with Varun Sahni, bringing their expertise from previous entrepreneurial ventures.CreditEnable provides a suite of innovative financial solutions aimed at enhancing access to credit for both consumers and small businesses. Their core offerings include a digital platform designed to streamline the loan application process, which utilizes advanced data analytics to assess creditworthiness and match applicants with suitable lending options. This platform serves as a critical tool for individuals and small enterprises seeking financing in various sectors, including retail, services, and manufacturing. The company primarily serves small and medium-sized enterprises (SMEs) and individual borrowers across diverse geographical markets, including the United Kingdom, India, and parts of Africa, focusing on underserved markets to bridge the gap between potential borrowers and financial institutions.CreditEnable's revenue model is structured around a combination of service fees and commissions generated from successful loan placements through its platform. The company engages in business-to-business transactions with financial institutions that partner with them to reach a broader customer base. Each time a client secures a loan through the platform, CreditEnable earns a percentage of the loan amount as a transaction fee. Their flagship platform also includes subscription-based services for lenders, granting them enhanced analytics and reporting features to better assess market trends and customer behaviors. This revenue generation strategy effectively positions CreditEnable within the fintech sector, catering to both borrowers seeking access to credit and lenders aiming to expand their market reach.In January 2021, Oktober6 Ltd raised INR 146 million in Seed funding to support its future growth initiatives. The company is planning to enhance its platform with new product features designed to improve user experience and increase loan matching efficiency. Additionally, it aims to expand its operations into new geographic regions, specifically targeting markets in Southeast Asia and Africa by 2023, leveraging recent funding to facilitate this expansion.

## Funding rounds

- Seed, Jan 18, 2021, $2M — Venture Catalysts, JPIN Venture Catalysts
- Seed, Jan 31, 2019, $5M — Astia Angels, Floreat Group, Alter Global

## Investors

- Astia Angels (https://capitalatlas.ai/funds/astia-angels) — Seed
- Floreat Group (https://capitalatlas.ai/funds/floreat-group) — Seed
- Alter Global (https://capitalatlas.ai/funds/alter-global) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- JPIN Venture Catalysts (https://capitalatlas.ai/funds/jpin-venture-catalysts) — Seed