CreditMate Overview
- Year Founded
-
2012

- Status
-
Acquired/Merged
- Employees
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8

- Latest Deal Type
-
Seed
- Latest Deal Amount
-
$1.12M
CreditMate General Information
Description
Developer of a debt collection software platform designed to solve the issues of data security, collection agency performance, reporting, and accounting for all bounces and nonperforming assets. The company's debt collection software platform uses a technology-based credit engine that allows assessing customers' viability for loans and automatically matches lenders' cases to agencies, enabling lenders to improve the speed, insight, security, and performance of existing collections.
Contact Information
Website
www.creditmate.in(Operating Subsidiary)
Corporate Office
- 147/149, Udyog Bhavan, Sonawala Road
- Jay Prakash Nagar, Goregaon East
- Mumbai, Maharashtra 400063
- India
Corporate Office
- 147/149, Udyog Bhavan, Sonawala Road
- Jay Prakash Nagar, Goregaon East
- Mumbai, Maharashtra 400063
- India
CreditMate Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
5. Seed Round | 30-Oct-2019 | $1.12M | Completed | Generating Revenue | ||
4. Seed Round | 18-Jul-2018 | Completed | Generating Revenue | |||
3. Corporate | 05-Jun-2018 | Completed | Generating Revenue | |||
2. Merger/Acquisition | 21-Nov-2017 | $500K | Completed | Generating Revenue | ||
1. Seed Round | 25-Oct-2016 | $500K | $500K | Completed | Startup |
CreditMate Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Ordinary Shares | ||||||||
Ordinary Shares | ||||||||
Ordinary Shares | 1,173,580 | $0.140613 | $0.72 | $0.72 | 1x | $0.72 | 39.09% |
CreditMate Comparisons
Industry
Financing
Details
CreditMate Competitors (4)
One of CreditMate’s 4 competitors is Yubi, a Venture Capital-Backed company based in Chennai, India.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Yubi | Venture Capital-Backed | Chennai, India | ||||
CreditNirvana | Formerly VC-backed | Bangalore, India | ||||
Credgenics | Venture Capital-Backed | Noida, India | ||||
TrueML Products | Venture Capital-Backed | Lenexa, KS |
CreditMate Signals
CreditMate Former Investors (1)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
India Quotient | Venture Capital | Minority |
CreditMate FAQs
-
When was CreditMate founded?
CreditMate was founded in 2012.
-
Where is CreditMate headquartered?
CreditMate is headquartered in Mumbai, India.
-
What is the size of CreditMate?
CreditMate has 8 total employees.
-
What industry is CreditMate in?
CreditMate’s primary industry is Financial Software.
-
Is CreditMate a private or public company?
CreditMate is a Private company.
-
What is the current valuation of CreditMate?
The current valuation of CreditMate is
. -
What is CreditMate’s current revenue?
The current revenue for CreditMate is
. -
How much funding has CreditMate raised over time?
CreditMate has raised $12.3M.
-
Who are CreditMate’s investors?
India Quotient has invested in CreditMate.
-
Who are CreditMate’s competitors?
Yubi, CreditNirvana, Credgenics, and TrueML Products are competitors of CreditMate.
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When was CreditMate acquired?
CreditMate was acquired on 30-Oct-2019.
-
Who acquired CreditMate?
CreditMate was acquired by Paytm.
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