Recordent

Recordent, founded in 2018, is India's leading credit and collections management platform, with the slogan "Lower Risk. Power Growth." The company offers a comprehensive suite of tools for efficient credit management and cash flow optimization. Targeting manufacturers, traders, and service providers, Recordent's solutions encompass credit risk management, collections management, recovery management, and credit risk and business analytics. The motivation driving the establishment of Recordent in 2020 stemmed from the founders' own experiences in managing companies, where they grappled with the challenges of delayed payments impacting cash flow and creating operational hurdles. To address these issues, Recordent was created with the aim to help businesses navigate collections and manage their cash flows more effectively. The company prides itself on adding transparency and trust between buyers and sellers to unlock opportunities for secured growth. One of Recordent's standout features is its proprietary credit registry, akin to CIBIL and other credit bureaus, which allows businesses to build credit track records. This credit registry enables lenders and creditors to access businesses' credit history and payment track records for better credit decision-making. In November 2021, Recordent secured a noteworthy $400.00K Angel Round investment, with active involvement from IIM Calcutta Innovation Park and the Kantamaneni Family Office. As a Financial Services, Fintech, and Payments-focused company, Recordent is poised to make a significant impact in the Indian market. With its innovative solutions and recent investment, Recordent is well-positioned to drive growth and provide valuable support to businesses in managing their credit and collections effectively.