CreditEnable has won a place in the inaugural, 2019 ‘Inclusive Fintech 50’ Competition
CREDITENABLE A WINNER IN MAJOR FINTECH FINANCIAL INCLUSION COMPETITION, 2019 INCLUSIVE FINTECH 50
CreditEnable, the integrated market place that connects SMEs and Banks has won a place in the inaugural, 2019 ‘Inclusive Fintech 50’ Competition.
CreditEnable is a global, credit insights fintech whose innovative, award winning market place helps SMEs prepare for and secure debt at competitive rates from lenders who previously lacked the ability and metrics with which to assess them. It uses numerous proprietary technologies in AI to help tackle one of the world’s most dysfunctional credit gaps, estimated at over $4.5 trillion.
The Inclusive Fintech 50 is a competition designed to recognise early-stage fintechs driving financial inclusion in both emerging and advanced markets around the world, especially those helping innovate for underserved customer groups in credit, insurance, payments and remittances, infrastructure and personal finance.
Along with a detailed scoring methodology, a judging panel of industry leading founders and investors rated applicants to the competition across inclusiveness, innovation, traction, and ability to scale. There were 400 eligible applicants that applied over a six-week period.
Says CreditEnable CEO and Founder Nadia Sood;
“Moving excluded people, communities and sectors into the financial mainstream is one of the most urgent challenges facing developed and emerging societies alike, and the biggest opportunity for fintechs to address. I am proud to have won a major award in such a hotly contested area and want to thank the judges and organisers of the Inclusive Fintech 50 for their important initiative and for our commendation”.
Says the analyst team behind Inclusive Fintech 50;
“CreditEnable demonstrates the power of technology and smart solutions for solving problems in the SME credit market, an important segment for driving economic growth and prosperity in many countries. We're excited to recognize CreditEnable's success to date, and will continue to watch the firm as it enables lenders to more easily reach and service SMEs with appropriate and accessible products”.
CreditEnable’s solutions for lenders enable profitable growth by: substantially reducing the time involved with underwriting SME loans; providing efficient access to quality borrowers; and improving the quality of SME loan books. The firm currently works with lenders in India with 30 billion USD to deploy. CreditEnable’s borrower solutions help SMEs better understand lenders’ credit requirements, get prepared for debt and secure the capital they need at an affordable rate.
About the Inclusive Fintech 50
Inclusive Fintech 50 is a competition to recognize early-stage fintechs driving financial inclusion around the globe. The initiative is funded by MetLife Foundation and Visa Inc. with support from Accion and IFC. Learn more and meet the winners at