Recur Club Raises $50 Million to Grow AI Debt Platform
- Recur Club secures $50 Million to grow its AI led debt platform for startups and SMEs
- $8 Million raised in equity, $42 Million in debt from top investors and lenders
- Funds to fuel product expansion, tech upgrades, and Tier II & III market outreach
Fintech startup Recur Club has raised $50 million in a fresh funding round to expand its AI powered debt marketplace for startups and mid-sized businesses. The round includes $8 million in equity led by InfoEdge Ventures, LC Nueva, Physis Capital, and others, and $42 million in committed debt from institutional lenders like Incred, Ugro Capital, and Lighthouse Canton.
Founded in 2019, Recur Club connects companies to over 100 lenders through a marketplace model offering 30+ debt products, ranging from working capital and asset financing to venture debt and structured credit. The platform has already facilitated Rs 3,000 crore in debt for 2,000+ companies across sectors like SaaS, pharma, solar, manufacturing, and EVs.
At the heart of its offering is AICA (AI Credit Analyst), Recur’s in-house AI underwriting engine that simplifies loan matchmaking and cuts time spent on data, due diligence, and deal execution by over 80%.
Eklavya Gupta, Co-Founder of Recur Club, said the startup aims to power 2% of India’s $1 trillion SME and startup debt market by 2030, making debt as easy to access as 'flowing water'. Recur is now expanding beyond tech startups to also support SMEs in traditional industries.
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Amit Behl, Investor of InfoEdge added, “Recur is transforming India’s slow, relationship based lending system with AI-first, founder-friendly credit access”.
The funds will be used to enhance the product stack, invest in technology, and reach deeper into Tier II and Tier III markets, helping more businesses access smart, scalable capital.
