Recur Membership, an AI-native debt market, has raised $50 million to scale ‘autopilot’ debt financing, enabling startups and SMEs to safe debt sooner, with much less friction, the corporate stated in a press release immediately, September 30.
The fundraising contains $8 million led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures andiAFinvolve, alongside $42 million in debt allocation to the platform from main monetary establishments, together with Incred, Ugro Capital, and Lighthouse Canton.
Commenting on the funding Amit Behl, companion at Infoedge, stated: “AI is reworking industries worldwide, however company lending in India has remained sluggish and relationship-based. Recur Membership is altering that. By constructing a full-stack debt market with AI at its core, they’re making capital sooner, smarter, and really founder-first. This isn’t simply an incremental enchancment — it’s a elementary reset of how credit score flows to companies in India, and we’re excited to again a group with the imaginative and prescient and execution to construct the way forward for credit score.”
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Recur Membership claims to have related over 2,000 firms to greater than 100 institutional lenders throughout 30+ customised debt merchandise – cashflow financing, asset financing, working capital, bill discounting, enterprise debt, acquisition financing, structured debt and lease financing throughout diversified sectors like SaaS, Tech Providers, D2C, Manufacturing, Monetary Providers, Prescribed drugs, Photo voltaic and Agriculture.
The corporate plans to make use of the recent funding to speed up the expansion of its AI-native debt market, launching new debt merchandise and increasing into Tier-2 and Tier-3 cities, and investing additional into expertise infrastructure.
Recur Membership says that it has facilitated over Rs 3,000 crore in debt sanctions, backing firms corresponding to MoveInSync, Zypp, Sagar Asia, Kimbal, Captain Recent, and Palmonas. With a balanced mixture of secured and unsecured disbursals, the platform mirrors actual founder wants — from unlocking working capital rapidly to enabling structured development with secured credit score for enlargement, tools, or asset-backed financing.
Learn Extra: Deep-tech startup Assessli raises Rs 44.4 crore from Foxhog Ventures
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