CRED to acquire LaaS platform CreditVidya

National Company Law Tribunal’s (NCLT’s) clearance is required for the transaction. Banks and non-bank financial institutions (NBFC) can better evaluate credit thanks to CreditVidya’s loan underwriting platform.

More than 200 of CreditVidya’s workers will have access to Cred’s employee equity ownership plan (ESOP) after the acquisition, and the company will continue to operate independently.