CredAble partners with Chekk to help financial institutions scale working capital programs worldwide

CredAble, a global working capital technology platform, has partnered with Chekk, a digital identity and KYC solutions provider, to simplify the onboarding and compliance workflows for financial institutions.

This partnership focuses on regions such as APAC, MENA and Europe, where many financial institutions face challenges due to manual verifications and complex data collection processes.

By leveraging data from 220 countries and territories, CredAble and Chekk aim to deliver region-specific solutions and risk assessment tools that allow banks and other financial institutions to quickly and securely onboard clients, vendors and dealers.

Integrating working capital and KYC capabilities

The partnership is backed by API and SDK integration, bringing CredAble’s working capital technology together with Chekk’s KYC, Know Your Business (KYB), and Anti-Money Laundering (AML) solutions.

This allows financial institutions to access Chekk’s Multi-Sources Engine for corporate data checks, risk assessments and video-based identity verification of ultimate beneficial owners, often in under 20 seconds. CredAble and Chekk believe this will cut costs, reduce onboarding time and remove the need for multiple engineering integrations. 

Leadership comments

“The partnership marks a key moment towards global expansion for CredAble and is very well aligned with our strategy to offer powerful onboarding automation for financial institutions,” said Satyam Agrawal, MD, Global Head of BaaS, SME and Analytics of CredAble. 

He added, “Together, CredAble and Chekk are well-positioned to spearhead the digital banking revolution across key international markets with automated onboarding workflows, advanced underwriting capabilities, and DPI-enabled localisation support for global use cases. With this partnership, we are enabling faster go-live for banks that are onboarding with CredAble to bolster their working capital financing offerings and tech capabilities.”

Pascal Nizri, Chekk’s Co-founder & CEO, commented on the partnership’s potential and stated, “Our partnership with CredAble exemplifies our commitment to strengthening onboarding and risk mitigation for banks and FinTechs around the world. By connecting Chekk’s next-generation Digital Identity, KYC & KYB solutions, and advanced corporate data sourcing capabilities, to CredAble’s world-class working capital financing suite, we look forward to empowering financial institutions further with transformative client engagement and credit decisioning capabilities.”

Founded in 2017 by Nirav Choksi and Ram Kewalramani, CredAble is India’s largest working capital technology platform. It enables more than $8 billion in annual working capital for a range of businesses, including large corporations, MSMEs and financial institutions.

The company claims that its online platform hosts more than 175 corporate customers, over 3,50,000 small business borrowers and more than 100 global financial institutions and banks.