CredAble forays into global markets with BaaS Solutions for SMEs

By Gloria Mathias

CredAble, a FinTech firm renowned for innovative working capital financing solutions, has announced its global expansion into Singapore, UAE, UK, Australia, Philippines, Indonesia, SEA, ME, Australia, and the US.

This expansion introduces its advanced Banking-as-a-Service (BaaS) offerings, reshaping global financial service engagement. Having enabled over $6 billion annually in working capital, CredAble crafted India’s largest working capital platform, bolstering FinTech infrastructure for corporate India’s diverse participants.

CredAble, CEO & Co-founder, Nirav Choksi, said, “As we embark on this new chapter with CredAble enabling working capital for businesses of all sizes through its award-winning technology platform, we remain dedicated to our core values of innovation, collaboration, and customer-centricity. The challenges businesses face in managing their working capital are universal and our technology-powered solutions are designed to make a positive impact on the efficiency, liquidity, and growth potential of companies worldwide.”

Hence, CredAble is now in a unique position to help global FIs seize new revenue opportunities by offering them state-of-the-art BaaS platform to build and launch their own regulatory-compliant working capital financing solutions. Moreover, At CredAble, our goal is to become a trusted partner for businesses globally, offering them the financial tools they need to thrive and navigate the complexities of today’s interconnected supply chains in the financial ecosystem.” added Choksi.

CredAble empowers financial institutions through API-driven working capital tech and BaaS offerings, spanning Pre- to Post-shipment Financing, Embedded Finance, and Beyond Banking services for SMEs. This allows banks to tap into Enterprise and SME segments, unlocking substantial revenue avenues. With a $17 trillion global working capital opportunity, CredAble’s global expansion is poised for success.

The international expansion exemplifies CredAble’s drive to transform global supply chains with working capital solutions. BaaS platform enables infrastructure to seamless access to on-time working capital, cash flow management and forecast, strengthening global supply chains & trade finance, and allowing banks to offer Beyond Banking services like E-Invoicing platforms, Secure Payments, and Auto-reconciliation.