Recur Club has unveiled Recur Scale, its most recent credit offering, for Series A, B, and beyond, Marketplace for debt for entrepreneurs With an aim to finance startups and SMEs with revenues of at least Rs 40 crore.
The credit options available to startups and SMEs include securing term loans, venture finance, acquisition financing, operational leases, working capital loans, bill discounting, and vendor financing.
Read also – Qiro Finance Secures $1.2 Mn in Pre-Seed Funding Round from Alliance
Recur Club reports that it will use the Recur Scale program for startups and SMEs to deploy a total of Rs 1,000 crore and that it will use the Recur Swift program for startups to deploy an additional Rs 2,000 crore in FY25.
Recur Scale matches consumers with suitable lenders using AI-backed matchmaking so they can quickly find, evaluate, and choose loan offers. The organization aims to be the one-stop shop for startup finance and has worked with over 120 prestigious lenders, including InCred, Tata Capital, and Aditya Birla Capital, among others.
Earlier this month, Recur Club had partnered with InCred, a new-age financial platform, to disburse Rs 300 crore to early and mid-range startups.
Eklavya Gupta, CEO, Recur Club, said: “Recur Scale was born out of a need expressed by our growing customers. We typically started with early stage startups in 2021, financing somewhere between Rs 50 lakh to Rs 4 crore. As their revenues increased with our cash flow-based credit, their credit needs also evolved. There was a clear demand for diverse credit structures within the Recur Club ecosystem,”
About Recur Club
Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club is a debt marketplace where companies can raise debt capital tailored to their business needs with a dedicated capital expert.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
