CredRight raises $10 Mn in Series B led by Abler Nordic

CredRight, a Hyderabad-based NBFC focused on nano and micro enterprises, has raised $10 million in Series B funding led by Abler Nordic, which marked its first investment from its new Fund V. 

Existing backers Michael & Susan Dell Foundation and Unleash Capital also participated, while Abler Nordic has now emerged as the company’s largest equity investor.

Earlier in August 2023, CredRight had raised around $9.7 million led by the Michael & Susan Dell Foundation and others.

The new proceeds will be used to expand CredRight’s loan book, strengthen…