Source: Entrackr
Mumbai, Credit Wise Capital (CWC), a non-banking financial company (NBFC) based in Mumbai, has raised ₹200 crore in its first round of institutional funding. This round was led by growth-stage investment firm Trident Growth Partners (TGP), which alone invested ₹120 crore.
This is TGP’s second investment from its debut ₹2,000 crore fund, which wants to put capital into faster-growing Indian companies in sectors like fintech, consumer tech, and healthcare. The funding will enable CWC to develop its secured lending capacity, invest in its digital technology platform and expand in smaller Indian cities.
Helping Small-Town India Get Loans
Credit Wise Capital, co-founded by Aalesh Avlani and Gurpreet Singh Sodhi, provides loans for two-wheeler purchases, and small and medium businesses (MSMEs). The company is working to address limited access to credit in India’s Tier II to Tier IV cities in which traditional banking solutions are quite inaccessible.
Credit Wise Capital is present in over 215 cities in 10 Indian states. The company employed a “phygital” strategy by marrying physical branches and field agents with digital underwriting technology. This hybrid approach cuts down loan delivery timelines and paperwork, especially for first-time borrowers.
As at March 2025, CWC’s assets under management (AUM) stood at ₹645 crore, demonstrating strong growth against ₹489 crore at March 2024. One more positive aspect is the company continues to maintain a strong capital adequacy ratio of 31.2%, meaning CWC still has sufficient funds available to manage risk and safely continue lending. So far, Credit Wise Capital has financed more than 2 lakh (200,000) two-wheelers across India.
Long-Term Vision of Trident Growth Partners
Trident Growth Partners had previously raised ₹1,000 crore in the first close of its ₹2,000 crore fund. There are a variety of investors in Trident, such as family offices, financial institutions, and more than 30 successful startup founders. The firm is run by experienced professionals that have a history of working with well-known and large investment firms like Premji Invest and the International Finance Corporation (IFC).
With their investment into Credit Wise Capital, Trident is betting on the business’ potential for growth and its overall contribution to further augment access to finance into India’s growing mid-market population in non-metro areas.
Implications
The ₹200 crore funding will enable Credit Wise Capital to access more clients, provide faster loan services, and deploy better technology.
