New Delhi – Recur Club, a debt marketplace that uses artificial intelligence to connect companies with lenders, said on Monday it has raised $50 million to scale its platform and widen access to financing.
The funding includes $8 million in equity led by InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and Finvolveia, and $42 million in debt allocation from institutions including Incred, Ugro and Lighthouse Canton.
The company said it has connected more than 2,000 businesses to over 100 institutional lenders across 30 debt products such as cashflow financing, venture debt and acquisition financing. It has so far facilitated debt sanctions worth ₹3,000 crore.
Recur Club said the fresh capital will be used to launch new products, expand operations into smaller Indian cities and strengthen its technology infrastructure. The company added it has grown 120% year-on-year and is targeting an annual debt run-rate of ₹10,000 crore by the financial year ending March 2027.
At the centre of its offering is AICA, an AI-based credit analyst that automates data collection, due diligence and deal execution. According to the company, the system reduces processing time by more than 80% and allows borrowers to access unsecured loans in less than 48 hours and structured financing in under three weeks.
“Founders choose Recur Club because we make debt raising a simple, transparent and fast process,” said Eklavya Gupta, founder and co-CEO of Recur Club. “By 2030, our ambition is to power 2% of India’s $1 trillion SME and startup debt market.”
Abhinav Sherwal, co-founder and co-CEO, said raising debt in India has traditionally been slow and fragmented. He added that Recur Club’s technology aims to simplify the process so founders can focus on scaling their businesses.
Investor InfoEdge said Recur Club’s AI-driven approach could transform corporate lending in India. “This is not just an incremental improvement, it is a fundamental reset of how credit flows to businesses,” said Amit Behl, partner at InfoEdge.
