CredCore, a US-based vertical AI company focused on debt capital markets for lenders and borrowers, has secured $16m in a Series A financing round led by Avataar Ventures.
Other participants include Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services.
CredCore intends to use the funding to enhance its AI capabilities, expand the team and enhance the platform to support a wide range of credit market participants and deal types.
Avataar Ventures founding partner Nishant Rao said: “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.”
Inspired Capital co-founder and general partner Mark Batsiyan said: “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.”
CredCore aims to address the technological gap in the enterprise credit industry, which transacts $5tn annually, but with a limited technological advancement.
The company leverages domain-specific AI to advance deal throughput and allows customers to scale their teams and assets under management (AUM).
Its technology platform supports some of the large-scale asset managers and corporations in the US, managing more than $650bn in AUM.
CredCore co-founder Saumil Annegiri said: “The industry is fragmented, complex, and specialised, with data that is often unavailable and inconsistent. At CredCore, we are solving this with proprietary AI models trained on $5tr worth of data.
“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.”
CredCore said its solution suite covers the entire debt deal lifecycle, from pre-deal evaluation to post-deal management.
Its Agentic platform allows customers to analyse, summarise, and extract insights from deal-related documents in hours instead of days, significantly speeding up capital deployment.
The company is expected to lead the transformation in debt capital markets, as AI continues to reshape financial services.
CredCore co-founder Karthik Nandyal said: “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.”
