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CredCore Raises $16 Million for AI-Powered Debt Capital Market Tool

Summary by PYMNTS.com

Debt management platform CredCore has raised $16 million for its AI-powered solution. The New York-based company’s Series A funding round, announced Thursday (Feb. 20), will help it expand its artificial intelligence (AI) capabilities, add staff and enhance its platform to support a wider range of credit market participants and deal types. “CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annu…

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fintech.global

CredCore raises $16m to accelerate AI-driven credit investing and management

AI-powered credit investment platform CredCore, which specialises in transforming debt capital markets for lenders and borrowers, has secured $16m in a Series A funding round. The round was led by Avataar Ventures, with additional backing from Inspired Capital, Fitch Group, BellTower Partners, and senior executives from asset management and financial services. CredCore is tackling inefficiencies in the enterprise credit sector, which sees $5trn …

2 days ago

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GlobalFinTechSeries

CredCore Announces $16 Million in Funding to Revolutionize Enterprise Debt Investment with AI

CredCore , a vertical-AI company that transforms debt capital markets for lenders and borrowers, announced $16M in Series A. The round was led by Avataar Ventures, with participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services. CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technologica…

2 days ago

Read Full Article