Recur Club, an AI-native debt marketplace, has raised $50 million in fresh funding as it views to to scale autopilot debt financing, enabling startups and SMEs to secure debt quicker, it announced on Monday.
The fundraising includes $8 million in equity led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and Finvolveia, alongside $42 million in debt allocation to the platform from leading financial institutions, including Incred, Ugro Capital, and Lighthoutilize Canton, the company declared in a statement.
Recur Club will deploy the new funds for launching new debt products, expanding into tier-2 and tier-3 cities, and investing further into technology infrastructure, the statement added.
Recur Club claims to have connected 2,000+ companies to 100+ institutional lfinishers across 30+ customised debt products – cashflow financing, asset financing, working capital, invoice discounting, venture debt, acquisition financing, structured debt and lease financing across varied sectors like SaaS, tech services, D2C, manufacturing, financial services, pharmaceuticals, solar and agriculture.
“Raising debt in India has traditionally been slow, opaque, and fragmented, filled with scattered applications, finishless follow-ups, and delayed disbursals. At Recur Club, we have rebuilt this experience ground up with AI lfinishing agents where technology stays invisible while founders raise capital and keep their focus on scaling their businesses instead of chasing paperwork,” declared Abhinav Sherwal, co-founder and co-CEO.
“By 2030, our ambition is to power 2% of India’s $1-trillion SME and startup debt market by creating debt accessible like flowing water,” added Eklavya Gupta, Founder & co-CEO of Recur Club.
The company declared that it has scaled 120% YoY and, with these new funds, is on track to achieve an annual debt run-rate of Rs 10,000 crore by FY27.
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