Seed · Fintech
Credfix raises ₹16.1 crore seed round led by Tanglin
Stargazer joins the financing for the borrower debt-resolution platform.
Support beyond initial credit access
Credfix reported serving more than 200,000 borrowers whose aggregate outstanding debt exceeded ₹4,000 crore. About 40% of its users were in smaller Indian cities, extending its reach beyond major metropolitan markets.
The seed round follows an earlier ₹4.5 crore raise from K2 Capital, Invstt Trust and angels. The company is addressing the fragmented journey borrowers face across lenders, recovery agencies and legal communications when repayment becomes difficult.
Use of funds
Develop products and AI capabilities
Expand borrower support across India
Funding history
Seed · This round₹161M