CredCore Secures $16 Million to Revolutionize Debt Capital Markets with AI

CredCore raises $16m

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation. By focusing on domain-specific AI, CredCore accelerates deal throughput and empowers customers to scale their teams and assets under management (AUM). The CredCore platform has experienced surging demand and supports some of the largest asset managers and corporations in the US, overseeing over $650 billion in AUM. CredCore's solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management. Its Agentic platform enables customers to analyze, summarize, and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment. "Marrying credit and technology has historically been insurmountable. The industry is fragmented, complex, and specialized, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data," said Saumil Annegiri, Co-Founder of CredCore. "However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop." Karthik Nandyal, Co-Founder of CredCore, added, "In terms of technology adoption, enterprise credit today parallels where equities were 30 years ago -- but credit markets are significantly larger. With decades of industry experience, we built CredCore on a foundation of advanced AI research and innovative business processes to transform credit markets through technology. AI advancements like self-deployed models and more efficient architectures are enabling greater automation and enhanced data privacy, which is why we are able to guarantee outcomes for our customers." Nishant Rao, Founding Partner of Avataar Ventures, commented, "We invested in CredCore because the leadership team's vision and execution track record is uniquely positioned to capitalize on two supercycles: private credit and AI." Mark Batsiyan, Co-Founder and General Partner, Inspired Capital, noted, "We've been part of CredCore's journey since its inception and are very excited for the work CredCore is doing to automate strategic parts of the credit value chain - methodically and thoughtfully." As AI reshapes financial services, CredCore is set to lead the transformation in debt capital markets. The new funding will be used to expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types.

CredCore Raises $16 Million for AI-Powered Debt Capital Market Tool | PYMNTS.com

Debt management platform CredCore has raised $16 million for its AI-powered solution. The New York-based company's Series A funding round, announced Thursday (Feb. 20), will help it expand its artificial intelligence (AI) capabilities, add staff and enhance its platform to support a wider range of credit market participants and deal types. "CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation," the company said in a news release."By focusing on domain-specific AI, CredCore accelerates deal throughput and empowers customers to scale their teams and assets under management." The release added that the CredCore platform has seen surging demand and supports some of the largest asset managers and corporations in the U.S., overseeing more than $650 billion in assets under management (AUM). According to the release, CredCore's offering covers the complete debt deal lifecycle, "including pre-deal evaluation, during-deal diligence, and post-deal management." The company's Agentic platform lets customers analyze, summarize and glean insights from deal-related documents in hours rather than days, speeding capital deployment. "Marrying credit and technology has historically been insurmountable. The industry is fragmented, complex, and specialized, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data," said Saumil Annegiri, one of the company's co-founders. "However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop." Elsewhere in this space, London-based 9fin in December announced it had raised $50 million in a Series B round to build the next generation of its AI-powered analytics platform for global debt capital markets. As noted here at the time, the company offers subscribers intelligence on high-yield bonds, leveraged loans, distressed debt, collateralized loan obligations (CLOs), private credit and asset-backed finance. Meanwhile, research by PYMNTS Intelligence and NCR Voyix has found that 72% of finance leaders are actively using AI in their operations. The report - "Is AI the Master Key to Banking's Next Era?" - showed that common applications of AI in the financial sector include fraud detection and customer onboarding automation, which are used by a respective 64% and 42% of finance leaders.

CredCore Announces $16 Million in Funding to Revolutionize Enterprise Debt Investment with AI

Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter NEW YORK, Feb. 20, 2025 /PRNewswire/ -- CredCore , a vertical-AI company that transforms debt capital markets for lenders and borrowers, today announced $16M in Series A. The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services. CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation. By focusing on domain-specific AI, CredCore accelerates deal throughput and empowers customers to scale their teams and assets under management (AUM). The CredCore platform has experienced surging demand and supports some of the largest asset managers and corporations in the US, overseeing over $650 billion in AUM. CredCore's solution suite covers the entire debt deal lifecycle, including pre-deal evaluation, during-deal diligence, and post-deal management. Its Agentic platform enables customers to analyze, summarize, and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment. "Marrying credit and technology has historically been insurmountable. The industry is fragmented, complex, and specialized, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5 trillion worth of data," said Saumil Annegiri, Co-Founder of CredCore. "However, technology is just a part of the solution. Expert oversight remains indispensable to ensure precision and trust. This is where we differentiate ourselves with domain-specialists-in-the-loop." Karthik Nandyal, Co-Founder of CredCore, added, "In terms of technology adoption, enterprise credit today parallels where equities were 30 years ago -- but credit markets are significantly larger. With decades of industry experience, we built CredCore on a foundation of advanced AI research and innovative business processes to transform credit markets through technology. AI advancements like self-deployed models and more efficient architectures are enabling greater automation and enhanced data privacy, which is why we are able to guarantee outcomes for our customers." Nishant Rao, Founding Partner of Avataar Ventures, commented, "We invested in CredCore because the leadership team's vision and execution track record is uniquely positioned to capitalize on two supercycles: private credit and AI." Mark Batsiyan, Co-Founder and General Partner, Inspired Capital, noted, "We've been part of CredCore's journey since its inception and are very excited for the work CredCore is doing to automate strategic parts of the credit value chain - methodically and thoughtfully." As AI reshapes financial services, CredCore is set to lead the transformation in debt capital markets. The new funding will be used to expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types. About CredCore CredCore is a vertical AI company focused on transforming credit investing and management. By leveraging advanced AI models supervised by credit experts, CredCore accelerates deal throughput, enhances diligence, and enables funds to scale AUM efficiently. Founded in 2022 by industry veterans -- Karthik Nandyal and Saumil Annegiri -- CredCore is reimagining how enterprise credit is managed from the ground up. To learn more, visit www.credcore.com . Media Contact : [email protected] View original content:https://www.prnewswire.com/news-releases/credcore-announces-16-million-in-funding-to-revolutionize-enterprise-debt-investment-with-ai-302381047.html SOURCE CredCore Market News and Data brought to you by Benzinga APIs