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Recur Club, an AI-powered debt platform for Indian startups and SMEs, raised $50 million to expand and enhance its technology.
Recur Club, a Delhi-based AI-driven debt marketplace for startups and SMEs, has raised $50 million in a mix of equity and debt funding, with $8 million in equity led by InfoEdge Ventures and $42 million in debt from institutions including Incred and Aditya Birla Capital.
The company plans to expand its platform, launch new financing products, enter tier II and III cities, and enhance its AI-powered technology, including its AICA system, which cuts deal processing time by over 80%.
Since 2021, Recur Club has facilitated over ₹3,000 crore in debt for more than 2,000 businesses across sectors like SaaS, D2C, and renewable energy, aiming to capture 2% of India’s $1 trillion SME debt market by 2030.
Recur Club, una plataforma de deuda impulsada por inteligencia artificial para startups y pymes indias, recaudó $50 millones para expandir y mejorar su tecnología.