Total amount raised
$7.3M
Latest funding date
2026-03-18
Location
Credilio has raised funding across multiple rounds, with key investors including Cornerstone Ventures, Exfinity Venture Partners, Mukul Agarwal (Param Capital), and Ashra Private Equity Fund. The platform offers a range of financial products such as credit cards, loans, and APIs for businesses.
What Is Credilio?
Credilio is a digital financial platform based in Mumbai, Maharashtra, India. The company operates in the Financial Services, FinTech, Personal Finance, and Advice industries. It offers a variety of products, including loans, credit cards, and advisory services, and has a workforce of 101-250 employees.
Founded as a private entity, Credilio has raised funding across multiple rounds including a Seed round, a Pre-Series A round, and a Series A round. The platform connects banks, financial advisors, and consumers, providing innovative solutions like the SBM Credilio Credit Card and the novio app, which helps users optimize their credit card spends.
How Much Funding Has Credilio Raised?
- Seed Round
- Amount Raised: Undisclosed
- Date: April 2021
- Lead Investors: LetsVenture (participant); full investor list includes Bombay Law Chambers and others
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Early-stage capital to build out Credilio's financial platform connecting banks, advisors, and consumers.
- Pre-Series A Round
- Amount Raised: USD 4,000,000 (Rs 30 crore)
- Date: March 23, 2022
- Lead Investors: Cornerstone Venture Partners Fund (CSVP Fund)
- Other Investors: Exfinity Venture Partners, Mukul Agarwal (Param Capital, personal capacity)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology capabilities, strengthen lending product penetration, and expand presence in tier II-III cities.
- Seed Round (Follow-on)
- Amount Raised: Undisclosed
- Date: March 27, 2023
- Lead Investors: Exfinity Venture Partners (and others)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Continued growth and expansion of the platform.
- Seed Round (Follow-on)
- Amount Raised: Undisclosed
- Date: January 6, 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Rs 120 crore (referenced as seed round valuation prior to Series A)
- Motivation Behind the Round: Further operational expansion and scaling.
- Series A
- Amount Raised: ~USD 3,300,000 (Rs 30 crore)
- Date: March 18, 2026
- Lead Investors: Cornerstone Ventures (Rs 20 crore)
- Other Investors: Ashra Private Equity Fund (Rs 10 crore)
- Post-money Valuation: Rs 330 crore (~USD 36.5 million), a 2.7x increase from last seed round valuation
- Motivation Behind the Round: To support growth, operational expansion, and strategic initiatives.
Total Amount Raised: At least USD 7,300,000 based on disclosed funding (additional rounds had undisclosed amounts). Current Valuation: Rs 330 crore (~USD 36.5 million) as of March 2026.
Key Investors
- Cornerstone Venture Partners Fund (CSVP Fund)
- Details: Cornerstone Venture Partners is a venture capital fund investing in early-stage technology companies. They led Credilio's Pre-Series A round and the Series A round as lead investor with Rs 20 crore.
- Investment Focus Areas: Early-stage technology companies, enterprise & SMB SaaS for India.
- Notable Investments: Not publicly disclosed.
- Exfinity Venture Partners
- Details: Exfinity Venture Partners is a venture capital firm focused on early-stage technology companies. They participated in Credilio's Pre-Series A and subsequent seed rounds.
- Investment Focus Areas: Enterprise technology, artificial intelligence, machine learning.
- Notable Investments: Not publicly disclosed.
- Mukul Agarwal (Param Capital)
- Details: Mukul Agarwal is the founder of Param Capital and invested in Credilio's Pre-Series A round in his personal capacity.
- Investment Focus Areas: Technology, finance.
- Notable Investments: Not publicly disclosed.
- Ashra Private Equity Fund
- Details: Ashra Private Equity Fund participated in Credilio's Series A round in March 2026, investing Rs 10 crore.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Credilio?
Credilio is poised to capitalize on significant opportunities in the fintech sector. With plans to expand its customer base to 25 million and achieve an annual recurring revenue of Rs 100 crore by March 2023, the company is focusing on enhancing its technology capabilities and leveraging evolving API stacks of banks and NBFCs. The expansion into tier II and III cities and the introduction of platform access in seven regional languages further highlight the vast potential for growth.
Given these ambitious targets, future fundraising rounds seem likely to support the scaling of operations and technology enhancements. The company's previous successful exit with TranServ suggests that strategic acquisitions could also be on the horizon, either as an acquirer or an acquisition target.
However, Credilio may face challenges such as competition from other fintech startups, ensuring seamless technology integration, and managing rapid expansion while maintaining service quality. Navigating regulatory changes in the financial sector will also be crucial for sustained growth.
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