Credable is a digital banking platform that enables businesses and financial institutions to embed financial services such as credit, savings, and payments directly into their existing offerings. By providing an end-to-end solution, Credable allows partners to expand their financial product lines without the need for internal infrastructure, addressing the challenge of limited access to banking services in emerging markets.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VIFounders
Product
Problem
Many businesses and financial institutions in emerging markets face challenges in offering comprehensive financial services due to the complexities and costs associated with building the necessary infrastructure. This limits their ability to provide credit, savings, and payment solutions to their customers, hindering financial inclusion and growth.
Solution
Credable offers a digital banking platform that enables businesses and financial institutions to embed financial services directly into their existing digital channels. This B2B2C platform provides an end-to-end solution, allowing partners to launch and scale financial products such as credit, savings, and payments without needing to develop internal infrastructure or navigate complex regulatory landscapes. Credable's platform handles the design, development, regulatory compliance, funding, and active portfolio management, enabling partners to focus on their core business while expanding their financial service offerings. By leveraging data analytics and digital credit experience, Credable facilitates efficient risk management and attractive returns for its partners' capital.
Target Audience
Credable's primary customers include financial institutions (banks, micro-finance institutions, credit funds) and businesses with digital channels (eCommerce platforms, fintech companies, mobile network operators) operating in emerging markets.
Features
- End-to-end digital banking platform for embedding financial services
- Support for credit, savings, and payments products
- Data analytics and scoring processes for accurate risk pricing
- Regulatory and compliance framework management
- Funding and portfolio management
- Customizable product offerings tailored to specific use cases
- Integration with existing business and financial institution systems