CredRight Raises $10 Mn To Expand Lending To Small Businesses 

NBFC Credright has raised $10 Mn (around INR 87.5 Cr) in its Series B round led by Norway-based investment firm Abler Nordic. The round also saw participation from existing investors Michael & Susan Dell Foundation and Unleash Capital.

The new-age digital lending company will use the fresh capital to expand its loan book, upgrade its technology stack, and widen its reach to entrepreneurs in tier II to tier IV cities.

In a statement, CredRight said this was Abler Nordic’s first investment from its new Fund V, and it has now become the largest…