CredCore, a NYC-based vertical-AI company that transforms debt capital markets for lenders and borrowers, raised $16M in funding.
The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and executives in asset management and financial services.
The company intends to use the funds to expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types.
Founded in 2022 by Karthik Nandyal and Saumil Annegiri, CredCore is a vertical AI company focused on transforming credit investing and management leveraging advanced AI models supervised by credit experts to accelerate deal throughput, enhance diligence, and enable funds to scale AUM efficiently.
The solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management. The agentic platform enables customers to analyze, summarize, and extract insights from deal-related documents in hours instead of days, speeding up capital deployment.
FinSMEs
20/02/2025