Altum Credo raises Rs 170 crore from British International Investment

Altum Credo Home Finance, an affordable housing finance company, has raised ₹170 crore ($19.5 million) in equity from its existing investor British International Investment (BII), the UK’s development finance and impact investment firm.

The new funds will boost Altum Credo’s balance sheet and help it expand further in southern and western India.

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“We greatly value the continued support and confidence shown by British International Investment through this fresh equity infusion. This investment further strengthens our balance sheet for long-term sustainable impactful growth journey and our commitment to cater meaningfully to the large unmet demand for affordable housing finance in India," said Vikrant Bhagwat, MD and CEO of Altum Credo.

Shilpa Kumar, BII, MD and Head of India, said, “We are continuing our investment with Altum as it aligns with BII’s commitment to inclusive growth by expanding access to affordable housing finance for communities across India. 

"Through this partnership, Altum is enabling low-income households, especially women, to access safer, more secure homes and essential services. As part of our broader climate and impact strategy, we view housing as a critical enabler of resilience and long-term development.”

About Altum Credo

Founded in 2016, Altum Credo focuses on offering long-term home loans to people with informal or semi-formal incomes in urban and semi-urban areas. Its model blends a tech-driven loan platform with strong local presence to make borrowing easier.

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So far, it has served 15,000+ customers across six states, with AUM crossing ₹1,000 crore.

In FY24, the company’s revenue grew 67% to ₹112.87 crore, while profit more than doubled to ₹20 crore.