Credmate

Priya Sethia and Rohit Mathur founded Credmate to address India's MSME credit crisis. Priya brings background in financial services and banking sector experience, understanding traditional credit underwriting and its limitations. Rohit brings technology expertise from fintech background. Together they identified that millions of small businesses struggle to access credit due to lack of formal documentation, collateral, and credit history. Credmate was built to provide working capital solutions using alternative data and AI-based credit assessment.

Credmate is a B2B fintech platform providing working capital loans to small and medium enterprises (SMEs) and micro-businesses. The platform uses alternative data (GST records, bank statements, transaction history, business metrics) combined with AI algorithms to assess creditworthiness. Loan amounts range from Rs 2 lakhs to Rs 50 lakhs with quick disbursal (24-48 hours). The business model: Credmate sources funds from institutional lenders and investors, extends credit to SMEs at 12-18% annual rates, earning through interest differential and processing fees.