Investment Firm Trident Growth Partners Heads CreditWise's Initial Institutional Funding Campaign
CreditWise Capital, a Mumbai-based Non-Banking Financial Company (NBFC) specializing in two-wheeler and Micro, Small, and Medium Enterprise (MSME) lending, has raised Rs 200 crore in its first institutional funding round. The round was led by Trident Growth Partners, a venture capital firm that focuses on founder-led, high-growth companies in sectors including consumption, financial services, enterprise tech, manufacturing, and healthcare.
With this new funding, CreditWise Capital aims to aggressively expand its business. The company plans to scale its two-wheeler financing and MSME lending segments, targeting significant growth in these areas. Moreover, CreditWise intends to expand into other secured lending segments to diversify and broaden its credit portfolio.
The funds will also be used to strengthen CreditWise's proprietary technology platform. This upgrade is aimed at enabling real-time, customer-focused credit experiences, particularly for underserved communities in Tier 2 to Tier 4 cities across India. The company aspires to triple its assets under management (AUM) over the next three years, with the current AUM standing at Rs 645 crore as of March 2025.
CreditWise Capital also aims to enhance credit inclusion by building a simple, fast, and customer-first lending experience. This strategy reflects the company's ambition to become a category-defining credit institution for India's emerging middle class by leveraging technology and addressing affordability.
Atul Gupta, managing partner at Trident Growth Partners, expressed his enthusiasm for the investment, stating that CreditWise Capital represents the kind of founder-led business they look to back. Gurpreet Singh Sodhi, co-founder of CreditWise Capital, shared that the partnership aims to scale the two-wheeler and MSME lending businesses, strengthen technology infrastructure, and continue building a simple, fast, and customer-first lending experience.
It is worth noting that CreditWise Capital has financed over 200,000 two-wheelers to date. Prior to this, the company had raised around Rs 44 crore in 2020. However, no new information was provided about the company's reported AUM as of March 2025, its capital adequacy ratio, gearing ratio, or the number of two-wheelers financed to date.
The investment by Trident Growth Partners comes shortly after the first close of its maiden fund, which raised more than Rs 1,000 crore. Despite the new funding, no new information was provided about the company's goals for tripling assets under management (AUM) over the next three years, expanding its lending portfolio, or upgrading its technology infrastructure.
This investment marks a significant step for CreditWise Capital as it seeks to expand its reach and strengthen its position in the Indian lending market. The company's focus on technology and customer-centric approach could potentially revolutionize credit services for underserved communities across India.
CreditWise Capital plans to use a portion of the raised funds to upgrade its technology platform, aiming to enhance real-time, customer-focused credit experiences. Additionally, the company intends to apply the proceeds to further diversify its business by exploring other secured lending segments and expanding its finance and investing activities in areas like two-wheeler financing and MSME lending.
