CredAble launches UpScale to enable financial inclusion among SMEs

CredAble, an AI-powered tech platform enabling working capital financing across enterprise ecosystems, announced the launch of UpScale, a platform that enables growth and financial inclusion for SMEs and MSMEs in India. Last month alone CredAble disbursed Rs 3,500 crore to more than 100,000 small businesses. With UpScale, CredAble will penetrate deeper into the ecosystem with tailor-made solutions for small business owners.

SMEs are largely starved in terms of credit and growth yet contribute nearly 30 per cent of the GDP. Explaining the need to overcome these challenges for the backbone of the nation.

“Due to broken financial management,