Technologies that Transform Lending Business

Nirav Choksi, CEO, Co-Founder, CredAble elucidates the company's progress on various dimensions:

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Smriti Pandey: Over the past 1-2 years, what specific product innovations have driven the progress at CredAble?

Nirav Choksi: Over the last 12-24 months, CredAble's momentum has been fuelled by product innovations that fundamentally simplify and modernize the delivery of digital lending and supply chain finance. On the institutional front, we've strengthened our Banking-as-a-Service offerings. At the heart of this is our modular Loan Origination System (LOS) – a low-code, fully customizable, workflow-driven tech stack, which allows lenders to rapidly launch new credit products across geographies and borrower segments, with minimal coding required.

Our LOS platform is powered by a BPMN-enabled architecture and an advanced business rules engine. It helps credit teams automate processes from onboarding to disbursement, visually customize approval workflows, and ensure full auditability and compliance. Pre-built connectors for KYC, GST, bureau pulls, e-sign, etc, enable seamless plug-and-play with a bank's existing ecosystem, accelerating go-live timelines. Through our partnerships, we reach out to 150+ countries.

We've expanded our SCF platform to support multi-currency and multi-bank environments, enabling treasury-grade visibility and global trade flows. WhatsApp-based supplier bidding, anchor-buyer dashboard enhancements, and receivables management modules have significantly improved user experience across suppliers, anchors, and financiers.

Additionally, our NBFC arm has crossed ₹2.5 billion in Trade Receivables Securitization (TRS) via Pass-Through Certificates (PTCs) - a significant milestone in institutionalizing trade receivables as a trustworthy, investable asset class to corporates and financial institutions.

Over the past 1-2 years, what new technologies have driven the progress at CredAble?