Recur Club Secures $50 Million to Revolutionize AI-Driven Debt Marketplace for Indian Startups and SMEs
Recur Club, India’s pioneering AI-native debt marketplace, has successfully raised $50 million in its Series A funding round to accelerate the growth of its platform, which facilitates seamless debt financing for startups and small and medium-sized enterprises (SMEs). The funding comprises $8 million in equity led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and iA Finvolve, alongside $42 million in debt allocation from financial institutions such as Incred, Ugro Capital and Lighthouse Canton.
Empowering Businesses with AI-Driven Debt Solutions
Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club has transformed the traditional lending landscape by leveraging artificial intelligence to streamline the debt financing process. The platform connects businesses seeking capital with over 100 institutional lenders, offering a diverse range of debt products including cash flow financing, working capital, venture debt, asset financing, and structured credit.
A cornerstone of Recur Club’s innovation is its proprietary AI Credit Analyst, “AICA,” which automates over 80% of the data collection, due diligence, and deal execution processes. This AI-driven approach significantly reduces the time and complexity traditionally associated with securing debt, enabling businesses to access capital more swiftly and efficiently.
Strategic Expansion and Vision for the Future
The newly acquired capital will be utilized to enhance Recur Club’s technological infrastructure, expand its product offerings, and deepen its reach into Tier II and Tier III markets across India. By 2030, the company aims to facilitate 2% of India’s $1 trillion SME and startup debt market, making debt as accessible as flowing water for businesses with revenues exceeding ₹5 crore.
Industry Impact and Investor Confidence
Recur Club’s innovative approach has garnered significant attention from investors and industry leaders. Amit Behl, Partner at InfoEdge Ventures, emphasized the transformative potential of AI in corporate lending, stating, “AI is transforming industries worldwide, but corporate lending in India has remained slow and relationship based. Recur Club is changing that by building a full-stack debt marketplace with AI at its core, making capital faster, smarter and truly founder-first.”
Recur Club’s successful funding round underscores the growing investor confidence in AI-driven fintech solutions that address the unique challenges faced by startups and SMEs in accessing timely and transparent debt financing. With its innovative platform and strategic vision, Recur Club is poised to play a pivotal role in reshaping the future of corporate lending in India.
