CredAble has expanded its business to nine new regions, namely Australia, Indonesia, Middle East (ME), Philippines, Singapore, South East Asia (SEA) region, the UAE, the UK and the US. This expansion introduces its advanced Banking-as-a-Service (BaaS) offerings, reshaping global financial service engagement, the company said in a statement today.
Speaking in this regard, Nirav Choksi, CEO and Co-founder, CredAble, said in the statement, “……..The challenges businesses face in managing their working capital are universal and our technology-powered solutions are designed to make a positive impact on the efficiency, liquidity and growth potential of companies worldwide. Hence, CredAble is now in a position to help global FIs seize new revenue opportunities by offering them state-of-the-art BaaS platform to build and launch their own regulatory-compliant working capital financing solutions.”
According to the statement, CredAble empowers financial institutions through API-driven working capital tech and BaaS offerings, spanning pre- to post-shipment financing, embedded finance and beyond banking services for SMEs. This allows banks to tap into enterprise and SME segments, unlocking substantial revenue avenues.
Satyam Agrawal, Global Head of Product and MD, International Business (Asia Pacific and ME), also mentioned in the statement, CredAble, also emphasised in the statement, “Real growth in the realm of banking is to embrace change and seize the opportunity to evolve. CredAble’s Banking-as-a-Service (BaaS) is the key that unlocks a world of new revenue possibilities for financial institutions. By leveraging this approach, Banks can quickly craft bespoke, yet scalable solutions tailored to the needs of burgeoning and diverse enterprise and SME Ecosystems. Empowered by technology, with BaaS, leaders in the banking space can enable personalisation, and, at the same time, be agile to drive their growth agenda.”
BaaS platform enables infrastructure to seamless access to on-time working capital, cash flow management and forecast, strengthening global supply chains and trade finance, and allowing banks to offer beyond banking services like e-invoicing platforms, secure payments and auto-reconciliation.
