CredCore Raises $16M to Transform Debt Capital Markets with AI
CredCore redefines credit investing and management by combining advanced AI with deep financial expertise.
Company Name: CredCore
Location: New York City, NY
Industry: Fintech
Funding Details:
- Amount: $16M
- Investors:
- Lead: Avataar Ventures
- Participants: Inspired Capital, Fitch Group, BellTower Partners, and executives in asset management and financial services
Purpose of Investment:
- Expand AI capabilities to enhance credit market intelligence
- Grow the team to support scaling efforts
- Enhance platform functionality to serve a broader range of credit market participants and deal types
Leadership:
- Co-founders: Karthik Nandyal and Saumil Annegiri
Product:
CredCore is an AI-powered vertical platform designed to transform credit investing and debt capital markets. Its agentic AI models, supervised by credit experts, streamline deal evaluation, diligence, and post-deal management.
Key capabilities include:
- Pre-deal evaluation: AI-powered analysis of financials, market trends, and creditworthiness
- During-deal diligence: Automated document summarization and insight extraction, reducing due diligence from days to hours
- Post-deal management: Continuous risk monitoring and portfolio insights to optimize credit strategies
About the Company:
Founded in 2022, CredCore redefines credit investing and management by combining advanced AI with deep financial expertise. The company enables lenders and borrowers to accelerate deal throughput, enhance diligence, and scale assets under management (AUM) efficiently.
Future Plans:
With this funding, CredCore plans to further develop its AI-driven debt capital market solutions, expand its customer base, and drive innovation in credit deal execution and risk management.
