CredCore, a vertical AI company revolutionizing debt capital markets, has raised $16 million in funding to accelerate its AI capabilities, expand its team, and enhance its platform for a broader range of credit market participants. The funding round was led by Avataar Ventures, with support from Inspired Capital, Fitch Group, BellTower Partners, and industry executives in asset management and financial services.
Founded in 2022 by Karthik Nandyal and Saumil Annegiri, CredCore leverages advanced AI models supervised by credit experts to streamline credit investing and management. The company’s AI-driven platform optimizes deal throughput, diligence, and AUM scalability, allowing funds to deploy capital more efficiently.
The platform supports the entire debt deal lifecycle, from pre-deal evaluation and due diligence to post-deal management. CredCore’s agentic AI solution extracts insights from deal-related documents in hours instead of days, significantly accelerating credit analysis and investment decisions.
