Credenc Overview
- Year Founded
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2017
- Status
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Private
- Employees
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61
- Latest Deal Type
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2ndary - Private
- Investors
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4
Credenc General Information
Description
Developer of a financial platform designed to facilitate the education loan procurement process for students. The company's platform provides facilities like easy online application, options of multiple banks, and zero service charge, enabling meritorious students to instantly apply for a loan for their college expenses.
Contact Information
Website
www.credenc.comCorporate Office
- Ground Floor, Building-10, Tower-A
- Cyber City, DLF Phase 2
- Gurugram, Haryana 122002
- India
Corporate Office
- Ground Floor, Building-10, Tower-A
- Cyber City, DLF Phase 2
- Gurugram, Haryana 122002
- India
Credenc Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Secondary Transaction - Private | 01-Nov-2021 | Completed | Generating Revenue | |||
| 4. Early Stage VC | 24-Aug-2021 | Completed | Generating Revenue | |||
| 3. Mezzanine | 19-Jul-2020 | Completed | Generating Revenue | |||
| 2. Seed Round | 22-Oct-2019 | $35.1K | $253K | Completed | Generating Revenue | |
| 1. Early Stage VC | 18-Jul-2018 | $218K | $218K | Completed | Startup |
Credenc Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | ||||||||
| Ordinary Shares | ||||||||
| CCCP Shares | ||||||||
| CCCP Shares | ||||||||
| CCCP Shares | ||||||||
| CCCP Shares | ||||||||
| CCCP Shares | 37 | $0.134610 | $363.81 | $363.81 | 1x | $363.81 | 0.12% | |
| Ordinary Shares | 309 | $0.134610 | $65.34 | $65.34 | 1x | $65.34 | 1.04% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Credenc Comparisons
Industry
Financing
Details
Credenc Competitors (14)
One of Credenc’s 14 competitors is TachyLoans, a Accelerator/Incubator Backed company based in Chennai, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| TachyLoans | Accelerator/Incubator Backed | Chennai, India | ||||
| College Avenue Student Loans | Private Equity-Backed | Wilmington, DE | ||||
| Credila | Private Equity-Backed | Mumbai, India | ||||
| Eduvanz Financing | Venture Capital-Backed | Virar, India | ||||
| Indifi | Venture Capital-Backed | Gurugram, India |
Credenc Related Research & Analysis
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Verticals
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Growth Rate
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Key Data Points
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Majestic Referring Domains
Credenc Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Atrium Ventures (India) | Venture Capital | Minority | ||
| Indian Institute of Management Kozhikode | University | Minority | ||
| Angel (individual) | Minority | |||
| Omidyar Network | Impact Investing | Minority |
Credenc Investments & Acquisitions (2)
Credenc’s most recent deal was a Seed Round with Drivio (Financial Software) for . The deal was made on 18-Apr-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Drivio (Financial Software) | 18-Apr-2024 | Seed Round | Other Financial Services | ||
| ObserveNow | 16-Sep-2021 | Merger/Acquisition | Publishing |
Credenc Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| ObserveNow | Noida, India | 2019 |
Credenc FAQs
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When was Credenc founded?
Credenc was founded in 2017.
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Where is Credenc headquartered?
Credenc is headquartered in Gurugram, India.
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What is the size of Credenc?
Credenc has 61 total employees.
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What industry is Credenc in?
Credenc’s primary industry is Consumer Finance.
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Is Credenc a private or public company?
Credenc is a Private company.
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What is Credenc’s current revenue?
The current revenue for Credenc is .
-
How much funding has Credenc raised over time?
Credenc has raised $26M.
-
Who are Credenc’s investors?
Atrium Ventures (India), Indian Institute of Management Kozhikode, , and Omidyar Network have invested in Credenc.
-
Who are Credenc’s competitors?
TachyLoans, College Avenue Student Loans, Credila, Eduvanz Financing, and Indifi are some of the 14 competitors of Credenc.
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