Credilio Raises $3.42 Million in Series A Funding
Credilio, a fintech startup specializing in digital access to credit cards and loans with the guidance of financial advisors, has successfully raised $3.42 million (Rs 30 crore) in its Series A funding round. The round was led by Cornerstone Ventures, with additional participation from Ashra Private Equity Fund.
Funding Details
The funding round, completed on March 21, 2026, involved the issuance of 2,481 compulsory convertible cumulative preference shares (CCCPS) at an issue price of Rs 1,20,880 per share. Cornerstone Ventures spearheaded the investment with a contribution of Rs 20 crore, while Ashra Private Equity Fund added Rs 10 crore to the total.
Company Overview
Founded by Aditya Bandamantri, who also serves as the CEO, and Manish Sinha as the Co-Founder, Credilio aims to simplify the process of obtaining credit cards and loans. The company facilitates digital access to these financial products, offering personalized guidance through financial advisors and partnerships with various lending institutions.
Strategic Use of Funds
The newly acquired capital will be directed towards enhancing Credilio's digital platform to better serve its users. While specific allocations were not disclosed, it is anticipated that the funds will be used to improve technological infrastructure and expand customer outreach.
Investor Insights
Cornerstone Ventures, the lead investor in this round, continues to show confidence in Credilio's business model and growth potential. Their substantial investment underscores the belief in the startup's ability to innovate within the fintech space.
Conclusion
With the successful completion of this Series A funding round, Credilio is well-positioned to expand its services and strengthen its market presence. The backing from reputable investors like Cornerstone Ventures and Ashra Private Equity Fund marks a significant milestone for the company as it continues to evolve in the digital financial advisory sector.