CredCore, a vertical AI company transforming debt capital markets for lenders and borrowers, announced $16 million in Series A funding. The round was led by Avataar Ventures and participated in by Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services.
CredCore addresses a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation. By focusing on domain-specific AI, CredCore accelerates deal throughput and enables customers to scale their teams and assets under management (AUM) by accelerating deal throughput. The CredCore platform has experienced surging demand and supports some of the US’ largest asset managers and corporations, overseeing over $650 billion in AUM.
CredCore’s solution suite covers the whole debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management. And its Agentic platform enables customers to analyze, summarize, and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment.
With AI reshaping financial services, CredCore is set to lead the transformation in debt capital markets. The new funding will expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types.
KEY QUOTES:
“Marrying credit and technology has historically been insurmountable. The industry is fragmented, complex, and specialized, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data. However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop.”
- Saumil Annegiri, Co-Founder of CredCore
“In terms of technology adoption, enterprise credit today parallels where equities were 30 years ago—but credit markets are significantly larger. With decades of industry experience, we built CredCore on a foundation of advanced AI research and innovative business processes to transform credit markets through technology. AI advancements like self-deployed models and more efficient architectures are enabling greater automation and enhanced data privacy, which is why we are able to guarantee outcomes for our customers.”
- Karthik Nandyal, Co-Founder of CredCore
“We invested in CredCore because the leadership team’s vision and execution track record is uniquely positioned to capitalize on two supercycles: private credit and AI.”
- Nishant Rao, Founding Partner of Avataar Ventures
“We’ve been part of CredCore’s journey since its inception and are very excited for the work CredCore is doing to automate strategic parts of the credit value chain – methodically and thoughtfully.”
- Mark Batsiyan, Co-Founder and General Partner, Inspired Capital
