CredRight Secures $10M to Empower Micro Enterprises

• CredRight raised $10M in a Series B funding round to boost lending to India's smallest business owners.
• Abler Nordic led the round, marking its first investment from Fund V, with support from Michael & Susan Dell Foundation.
• The funds will help expand CredRight's loan book, improve technology, and extend services to smaller towns.
• Abler Nordic is set to become the largest equity investor, aiming to scale operations and deepen impact.
• CredRight's model gains investor confidence amidst industry challenges, highlighting its role in India's economic growth.

Source: YourStory