The NBFC currently manages an asset base of Rs 645 crore as of March 2025, up from Rs 489 crore in March 2024.
With a capital adequacy ratio of 31.2 per cent, Credit Wise Capital said it has financed more than 2 lakh two-wheelers and has a strong presence across 215 cities in 10 Indian states. (Source: pixabay)
Growth-stage focused investor Trident Growth Partners on Tuesday said it has led Rs 200 crore funding round in Mumbai-based non-banking financial company (NBFC) Credit Wise Capital. Two-wheeler and MSME focused NBFC raised Rs 120 crore Trident Growth Partner from its maiden fund which has a target size of Rs 2,000 crore. The credit will help Credit Wise Capital to expand credit access in Tier 2-4 cities. The NBFC currently manages an asset base of Rs 645 crore as of March 2025, up from Rs 489 crore in March 2024.
“The fresh capital will be used to significantly grow its assets under management over the next 3 years, expand into other secured lending segments, and strengthen its proprietary technology platform that enables real-time, customer-focused credit experiences for underserved communities,” a statement said.
With a capital adequacy ratio of 31.2 per cent, Credit Wise Capital said it has financed more than 2 lakh two-wheelers and has a strong presence across 215 cities in 10 Indian states.
"Alongside capital, TGP will serve as a long-term partner to CWC, supporting the company with governance, strategic inputs, and access to its ecosystem of operating advisors and founder networks. We see a long runway ahead for them to become a full-stack financial partner to India’s emerging middle class,” said Rajesh Ramaiah, Managing Partner, Trident Growth Partners.
The investment firm has secured over Rs 1,000 crore in commitments in the first close of its debut fund earlier this year, backed by leading family offices, institutions, and more than 30 founders.
Also read: MSME NPAs Mirroring Trends in Overall Banking Sector: CGTMSE CEO Manish Sinha
“Their confidence in our mission validates what we’ve always believed, that expanding credit in small-town India isn’t just a business imperative, it’s a national need,” Aalesh Avlani, Co-founder, Credit Wise Capital said on the investment raised.
Meanwhile, growth in NBFC sector is likely to ease to 13-15 per cent in FY2026 from the 17 per cent expansion witnessed in the previous two fiscals, according to a report by ICRA. Overall, NBFC credit stood at about Rs 52 lakh crore in December 2024 and it is set to exceed Rs 60 lakh crore in FY26.
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