Recur Club, a debt marketplace headquartered in New Delhi, announced a $50 million round of Series A funding, consisting of $8 million in equity and a $42 million debt facility. Its investors included InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures and IA Finvolve.
The company works with AICA, an AI credit analyst leveraged by banks across India, to provide an AI-native marketplace designed to grant founders expedient and transparent access to capital. Recur Club serves startups like MoveInSync, Zypp, Captain Fresh, Sagar Asia and Palmonas within India’s SME ecosystem, and it has helped them access over ₹3,000 crore in debt.
With its Series A funding, Recur Club plans to invest in enhancing its infrastructure to enable frictionless disbursals, expanding further into markets across the country to serve more businesses and launching new debt products designed to help companies grow based on their specific sectors. Recur Club aims to serve 2 percent of the Indian SME and startup debt market by 2030.
