CreditEnable, a London, UK-based global credit insights and technology solutions company, received an investment from Floreat.
The amount of the investment, made by Floreat’s Principal Investment Fund I Limited, headed up by Jeff Sinclair, was not disclosed.
Led by Nadia Sood, CEO & Co-founder, CreditEnable provides technology and credit analytics solutions to Small and Medium Enterprise (SME) lenders. Focusing on expanding access and usage in underserviced areas, the company develops credit profiling tools for SME borrowers to enable them to secure affordable debt.
CreditEnable, which was recently named as one of the Inclusive Fintech 50 by MetLife foundation and Visa Inc., has commercial relationships with multiple lenders who represent billions of dollars in SME loan books.
While the current focus is on India, where the company has offices in Mumbai, over time the firm plans to have a global focus.