Mumbai-based shadow bank Credit Wise Capital has raised Rs 200 crore in its first institutional funding round led by private capital firm Trident Growth Partners (TGP).
The funds will be used to triple the company's assets under management over the next three years, expand its lending portfolio and enhance its technology infrastructure, the firm said in a statement. Trident invested Rs 120 crore in the round.
The company offers two-wheeler loans, loans against property (LAP), and licences its proprietary SaaS platform to other non-banking finance companies (NBFCs) and financial institutions.
As of March, Credit Wise Capital, focused on two-wheeler and MSME lending, managed assets worth Rs 645 crore, up from Rs 489 crore in the year-ago period.
The company's capital adequacy ratio stood at 31.2 percent, with a gearing of 2.3x. The number of two- wheelers financed crossed 2 lakh.
“Their confidence in our vision reinforces our belief that credit access in small-town India is not just a market opportunity, it’s a structural need. This capital will enable us to reach more customers, strengthen our tech stack, and bring formal finance closer to those who have been excluded for too long," Credit Wise Capital co-founder Aalesh Avlani.
Co-founder Gurpreet Singh Sodhi added, “Their investment reaffirms our belief in leveraging technology, combined with local insights and disciplined operations, to create a transformative impact on the lending ecosystem."
The investment also marks the latest milestone for Trident Growth Partners, whose debut fund secured more than Rs 1,000 crore in its first close earlier this year.
The fund attracted backing from prominent investors including Claypond Capital, the family office of Ranjan Pai, chairman of Manipal Group, and the Fund of Funds for Startups (managed by SIDBI) and the Self Reliant India Fund.
Over 30 founders of successful companies, including Lenskart, PolicyBazaar, Livspace, KreditBee, Amagi, and Netcore, have also invested in the fund.
The team behind the private equity fund comprises Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra, all of whom bring extensive experience from their previous roles at Premji Invest and the International Finance Corporation (IFC).
"Credit Wise represents exactly the kind of founder-led business we look to back, deeply embedded in India’s consumption ecosystem, solving real-world problems with executional depth and tech-enabled scale,” Gupta, managing partner, Trident Growth, said.
“We were particularly impressed by their hybrid distribution model, disciplined book quality, and commitment to credit inclusion across Bharat,” he said. As two-wheelers become economic lifelines in emerging India, Credit Wise sits at the intersection of mobility, affordability, and dignity. The company has the potential to evolve into a full-stack financial partner for these communities, he said.
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