.avif)
Total amount raised
$14.5 Million
Latest funding date
2026-04-28
Location
Credilio has raised funding across multiple rounds, with key investors including Cornerstone Ventures, Exfinity Venture Partners, Mukul Agarwal (Param Capital), Ashra Private Equity Fund, Shepherd Hill, Roots Ventures, and ESV-Arthya AIF. Its most recent round is a ₹100 crore (~$10.5 million) Series A closed on April 28, 2026, led by Cornerstone Ventures at a pre-money valuation of ₹300 crore (~$31.7 million). The platform offers a range of financial products such as credit cards, loans, and APIs for businesses.
What Is Credilio?
Credilio is a digital financial platform based in Mumbai, Maharashtra, India. The company operates in the Financial Services, FinTech, Personal Finance, and Advice industries. It offers a variety of products, including loans, credit cards, and advisory services, and has a workforce of 101-250 employees.
Founded as a private entity, Credilio has raised funding across six rounds, from a Seed round in April 2021 through a Pre-Series A round, follow-on seed rounds, and Series A funding that concluded with a ₹100 crore (~$10.5 million) Series A on April 28, 2026 led by Cornerstone Ventures. The platform connects banks, financial advisors, and consumers, providing solutions like the SBM Credilio Credit Card and the novio app, which helps users optimize their credit card spends.
How Much Funding Has Credilio Raised?
- Seed Round
- Amount Raised: Undisclosed
- Date: April 2021
- Lead Investors: LetsVenture (participant); full investor list includes Bombay Law Chambers and others
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Early-stage capital to build out Credilio's financial platform connecting banks, advisors, and consumers.
- Pre-Series A Round
- Amount Raised: USD 4,000,000 (Rs 30 crore)
- Date: March 23, 2022
- Lead Investors: Cornerstone Venture Partners Fund (CSVP Fund)
- Other Investors: Exfinity Venture Partners, Mukul Agarwal (Param Capital, personal capacity)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology capabilities, strengthen lending product penetration, and expand presence in tier II-III cities.
- Seed Round (Follow-on)
- Amount Raised: Undisclosed
- Date: March 27, 2023
- Lead Investors: Exfinity Venture Partners (and others)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Continued growth and expansion of the platform.
- Seed Round (Follow-on)
- Amount Raised: Undisclosed
- Date: January 6, 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Rs 120 crore (referenced as seed round valuation prior to Series A)
- Motivation Behind the Round: Further operational expansion and scaling.
- Series A
- Amount Raised: ~USD 3,300,000 (Rs 30 crore)
- Date: March 18, 2026
- Lead Investors: Cornerstone Ventures (Rs 20 crore)
- Other Investors: Ashra Private Equity Fund (Rs 10 crore)
- Post-money Valuation: Rs 330 crore (~USD 36.5 million), a 2.7x increase from last seed round valuation
- Motivation Behind the Round: To support growth, operational expansion, and strategic initiatives.
- Series A
- Amount Raised: ₹100 crore (~USD 10,500,000)
- Date: April 28, 2026
- Lead Investors: Cornerstone Ventures
- Other Investors: Shepherd Hill, Roots Ventures, ESV-Arthya AIF, with venture debt from Innoven Capital and Alteria Capital
- Valuation at Round: Pre-money ₹300 crore (~USD 31.7 million)
- Motivation Behind the Round: To back novio, Credilio's fixed deposit backed credit card business.
Total Amount Raised: At least USD 14,500,000 based on disclosed funding (several earlier rounds had undisclosed amounts). As of September 2026, the company's latest disclosed round is its April 2026 Series A. Current Valuation: ₹300 crore pre-money (~USD 31.7 million) at the April 2026 Series A.
Key Investors
- Cornerstone Venture Partners Fund (CSVP Fund)
- Details: Cornerstone Venture Partners is a venture capital fund investing in early-stage technology companies. They led Credilio's Pre-Series A round, the March 2026 Series A round with Rs 20 crore, and the ₹100 crore Series A round closed in April 2026.
- Investment Focus Areas: Early-stage technology companies, enterprise & SMB SaaS for India.
- Notable Investments: Not publicly disclosed.
- Exfinity Venture Partners
- Details: Exfinity Venture Partners is a venture capital firm focused on early-stage technology companies. They participated in Credilio's Pre-Series A and subsequent seed rounds.
- Investment Focus Areas: Enterprise technology, artificial intelligence, machine learning.
- Notable Investments: Not publicly disclosed.
- Mukul Agarwal (Param Capital)
- Details: Mukul Agarwal is the founder of Param Capital and invested in Credilio's Pre-Series A round in his personal capacity.
- Investment Focus Areas: Technology, finance.
- Notable Investments: Not publicly disclosed.
- Ashra Private Equity Fund
- Details: Ashra Private Equity Fund participated in Credilio's Series A round in March 2026, investing Rs 10 crore.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Credilio?
Credilio closed a ₹100 crore (~USD 10.5 million) Series A on April 28, 2026, led by Cornerstone Ventures with participation from Shepherd Hill, Roots Ventures, and ESV-Arthya AIF, plus venture debt from Innoven Capital and Alteria Capital. The round was raised at a pre-money valuation of ₹300 crore (~USD 31.7 million) and backs novio, the company's fixed deposit backed credit card business.
Credilio continues to distribute credit cards, loans, and advisory services through banks and financial advisors, running products such as the SBM Credilio Credit Card alongside the novio app, which helps users optimize their credit card spends. Total disclosed funding now stands at USD 14.5 million.
Credilio may face challenges such as competition from other fintech startups, technology integration across bank and NBFC API stacks, and managing rapid expansion while maintaining service quality. Navigating regulatory changes in the financial sector will also be crucial for sustained growth.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Credilio and gather other critical business insights.
Sign up for free to start optimizing your sales strategies today.
