Recordent, a non-banking payment bureau fintech business, has raised $400,000 in angel finance from the Kantamaneni Family Office, IIM Calcutta Innovation Park, and other angel investors from India and the United States.
Recordent works closely with more than 50 SME industry associations and wants to continue forming significant collaborations in order to offer value to association members’ credit management practises by enhancing collections and lowering credit risk.
Winny Patro, CEO and Co-founder, Recordent, said, “As first movers in the industry, we are focussed on making business seamless and hassle-free for MSMEs; along with credit profiling that in turn will help businesses to reduce their credit risks.”