Pakistans CreditBook has raised $11 million in Pre Series A funding in a funding round led by an American investment firm Tiger Global Management, LLC, and firstminute capital. Several other investors also participated in the round including Better Tomorrow Ventures, Ratio Ventures, VentureSouq, i2i Ventures, Banana Capital, and Sriram Krishnan.
CreditBook launched in 2020 is a fintech startup that envisions to help improve the financial outcomes of SMEs across Pakistan. The company started with a simple digital ledger has now helped millions of businesses build secure software to manage their credit, sales, and expense cycles.
CreditBook also has a mobile app that can be downloaded by businesses and vendors to digitize ledgers and manage their accounts. The application keeps your data safe, secure, and backed up. Users may also schedule and send free payment reminders to avoid bad debts.
The recent investment will help CreditBook expand its network and reach out to small and medium businesses that need help with their financial structures.
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