Credgenics clocks robust revenue growth, eyes acquisitions

Credgenics, a debt resolution and legal automation platform, has reported robust revenue growth, more than doubling its topline in the last fiscal year. The Software-as-a-Service (SaaS) startup provides banks, NBFCs, and fintech lenders with a platform to manage loan collections and automate legal proceedings. Riding on its strong financial performance and growing demand for digital debt resolution solutions, Credgenics is now actively looking for strategic acquisition opportunities. The company aims to acquire smaller startups that can enhance its product capabilities, provide access to new technologies, or expand its market reach. This inorganic growth strategy will help Credgenics consolidate its position as a leader in the loan recovery space and further strengthen its service offerings to the financial services industry, which is increasingly focused on digitizing its collection processes to improve efficiency and reduce NPAs.