CredAble India’s largest Working Capital FinTech platform appoints Mr. Satyam Agrawal as Managing Director 2022

Mr. Satyam will be responsible for the expansion of CredAble internationally, focused on the Asia Pacific, Middle East, and the African region.

India, 24th August 2022:  CredAble, India’s largest working capital tech platform catering to the working capital requirements of India Inc including large, mid, emerging corporates, MSMEs, and financial institutions is excited to announce the appointment of Mr. Satyam Agrawal as Managing Director – International Business.

Mr. Satyam has two decades of experience in Banking, FinTech, and the SME Segment, in senior leadership roles with global banks. 

Prior to joining CredAble, Satyam was associated with GlobalLinker, a Digital Platform in the SME space. He has also held key roles in banking as Managing Director and Head of Retail Business Banking for Asia Pacific at HSBC and Global Product Head for Business Banking at Standard Chartered Bank. 

Access to working capital is the biggest impediment to the growth of SMEs globally. However, with the advent of Digital transformation and the Partnership Ecosystem; Financing to SMEs is expected to leapfrog significantly this decade. It’s remarkable to see CredAble already making an indelible mark in this space in India bringing the best out of the partnership between FinTech and Banks to solve real working capital challenges for SMEs. I am privileged to be given this in CredAble opportunity to replicate our success in India, globally.”

Mr. Satyam Agrawal Managing Director – International Business at CredAble said

With his extensive knowledge in the SME Digital Ecosystem in the Asia Pacific region including Banks, DFIs, Regulators, Consulting Firms, FinTechs, E-Commerce Platforms, and Payments Companies; Satyam will lead the expansion of CredAble internationally with a focus on the Asia Pacific, Middle East, and the Africa region. 

We are very excited to have Satyam as a part of the leadership team. Satyam’s experience in the SME and Working capital space would be invaluable as we expand our BAAS offerings to the global markets. He has been a visionary leader in the SME banking space in Southeast Asia and we are privileged that he chose to partner with CredAble. Satyam will lead our foray into South East Asia, the Middle East and African markets and will help to roll-out technology platforms across Financial eco-systems in these markets.”

Mr. Satyam, Mr. Nirav Choksi, CEO, CredAble said

Besides, Satyam holds an MBA degree from the Goa Institute of Management and has been part of various leadership programs by London Business School, IMD Business School – Switzerland. This announcement follows after the company recently raised $9 million from Axis bank to grow the business and support SME’s. 

About CredAble:

CredAble is India’s largest working platform enabling more than USD 5 billion annually in working capital for India Inc. which includes large, mid, emerging corporates, MSMEs, and financial institutions.

CredAble’s platform hosts over 100 corporate customers, over 300,000 small business borrowers, and over 30 large financial institutions and banks. By leveraging our technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, we lead the working capital space while witnessing over 500% year-on-year growth.

The Company was recently awarded the “Best Technology Use Case” award at BW Business World Unicorn Summit 2022, for building a tech stack that is robust & agile which has transformed the working capital landscape in the country.

It was also awarded as the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and as the Best Supply Chain Finance Solution of the Year 2019 at the Inflection 2019, a leading supply chain summit. The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020, and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.

This article was shared with Prittle Prattle News as a Press Release.
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