CredAvenue acquires majority stake in Corpository
Online debt marketplace CredAvenue has acquired a majority stake in Corpository, a full-stack corporate credit underwriting company at a valuation of Rs 100 crore. CredAvenue will acquire the majority stake through a combination of primary investment and secondary purchase from existing shareholders. Following the transaction, all lenders on CredAvenue’s platform will be able to evaluate and make lending decisions on the platform itself, reducing the overall time for lending. This is the second acquisition by CredAvenue in 2022. Continue reading CredAvenue acquires majority stake in Corpository at Entrackr.
Online debt marketplace CredAvenue has acquired a majority stake in Corpository, a full-stack corporate credit underwriting company at a valuation of Rs 100 crore.
CredAvenue will acquire the majority stake through a combination of primary investment and secondary purchase from existing shareholders. Following the transaction, all lenders on CredAvenue’s platform will be able to evaluate and make lending decisions on the platform itself, reducing the overall time for lending.
This is the second acquisition by CredAvenue in 2022.
Continue reading CredAvenue acquires majority stake in Corpository at Entrackr.
