Debt resolution platform Credgenics, which uses artificial intelligence along with data science, has raised seed round of funding led by Titan Capital, a fund backed by Snapdeal Founders Kunal Bahl and Rohit Bansal. The investment round also saw participations from seasoned investors including Rajesh Razdan, founder & CEO, mCarbon, Ajay Garg, MD, Equirus Capital, Mitesh Damania, founder & director, Kwench and Sunder Nookala, founder & CEO, Kwench (acquired by global conglomerate O.C Tanner). Credgenics will utilize the funds for scaling operations in all metro cities of India, streamlining and strengthening R&D on the product development, and acquiring new clients. The total funding amount the firm secured is $300,000. Credgenics is India’s only technology enabled platform for resolution of non-performing assets in the larger BFSI and fintech lending space.
