CredAvenue claims to be India’s largest co-lending platform


Corporate-focused debt market CredAvenue announced that his The co-lending platform enabled a gross transaction value of Rs 5,000 crore on the platform in the financial year 2021. The company also claimed that the CredCo-Lend platform also had recorded 80,000 transactions per day in December 2021with over two million underlying loans through the platform.

With these moves, the company claimed to be the market leader in the co-lending space, in a statement released today. CredAvenue said it had has partnered with over 240 co-lending partners and over 500 lenders, including PSUs, private lenders and NBFCs. The platform offers debt for 15 asset classes and recorded 14.5 lakh transactions. The platform currently has more than 2300 companies on its platform and more than 750 lenders.

“Co-lending is poised to grow massively in the near future, and we are excited to be the preferred partner of most banks, NBFCs and fintech companies,” said Gaurav Kumar, Founder and CEO of CredAvenue in the press release.

He added: “At CredAvenue, our goal has always been to be the leader in debt investment solutions. Our co-lending platform offers an end-to-end technology stack enabling partners to manage the entire co-lending product lifecycle. »

The Chennai-based company was valued at over $1 billion in its recent funding round in March 2022, led by Insight Partners, B Capital and Dragoneer. A subsidiary of the financial services marketplace Vivriti Capital, CredAvenue has a portfolio of five platforms, including its lending platform CredLoan, its origination platform CredCo-Lend, its bond issuance platform Plutus, its financing platform CredSCF supply chain and its end-to-end securitization platform CredPool.

Edited by Affirunisa Kankudti

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