CredAble Partners with Chekk to help Financial Institutions digitally and securely scale working capital programs worldwide with advanced KYC, KYB, Business Registries Access, and AML Solutions

With this partnership, CredAble and Chekk will provide financial institutions (FIs) globally with robust digital access to business data & documents and identity verification tools that can help FIs onboard SMEs (clients, vendors, dealers etc.) quickly and hence expand the working capital programs seamlessly. FIs can retrieve ownership structures, UBOs, and regulatory records from government registries and trusted data providers in over 220 countries & territories, ensuring a stronger onboarding process and risk assessment framework.

Mumbai, India, 26th February 2025: Global working capital tech player, CredAble partners with Chekk, a leader in digital identity and Know Your Customer (KYC) solutions provider, to streamline the onboarding and compliance workflows of Financial Institutions (FIs) in regions like the APAC, MENA, and Europe.

FIs globally are struggling to scale up working capital programs, due to manual verifications and data collections & verification processes. By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

Backed by powerful API and SDK integration, this partnership will bring together CredAble’s industry-leading working capital tech suite and Chekk’s best-in-class KYC, Know Your Business (KYB), and Anti-Money Laundering (AML) solutions.

Through this partnership, Financial Institutions can leverage Chekk’s Multi-Sources Engine to streamline the labour-intensive process of assessing corporate data from many sources around the world, assess risk and onboard entities, and remotely verify the identity of UBOs and controlling shareholders in under 20 seconds with video-based identity & verification and anti-fraud checks.

This gives financial institutions the ability to get the full picture of business counterparts in just a click, reducing onboarding time and costs, and eliminates the need for complex engineering integrations.

This partnership cements CredAble’s position as a trusted working capital financing tech platform for global banks and financial institutions, setting the stage for future innovation in digital onboarding and underwriting.

“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, Global Head of Product & Retail Business Lending, MD ASEAN & ME 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.”

From ensuring secure onboarding processes and reliable underwriting workflows, to enabling regional compliance requirements and global scalability, CredAble’s partnership with Chekk accelerates the shift to customer-centric solutions, DPI-enabled underwriting, and end-to-end digital banking journeys.

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About CredAble

Established in March 2017 by Nirav Choksi and Ram Kewalramani, CredAble is India’s largest working capital technology platform enabling more than USD 8 billion annually in working capital for India Inc. which includes large, mid, and emerging corporates, MSMEs, and financial institutions. CredAble’s platform hosts over 125 corporate customers, over 300,000 small business borrowers, and over 35 large financial institutions and banks. By leveraging technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, CredAble leads the working capital space while witnessing over 500% year-on-year growth.

Backed by well-known investors such as Oaks Asset Management, Plutus Wealth Management LLP, and Axis Bank Limited, the company was granted an NBFC (BBB Stable) license by RBI in 2019 and offers post-invoice discounting and other working capital finance products. Apart from catering to the financial needs of the SME segment, the company offers financial services through its platform products to customers such as Large Corporates, Mid-Market and Emerging Corporates, and Financial Institutions.

CredAble was recently awarded the company of the year for best multi-cloud adoption along with best digital platform at the Bharat Fintech Summit 2024. Furthermore, it was recognised with Product Innovation of the Year at SME Finance Forum 2023. CredAble also won the fintech startup of the year 2022 at The Asset Triple A Digital Awards 2022 followed by “The Best Banking Tech of the Year” at the Asia Fintech Award 2022 for building a tech stack that is robust & agile which has transformed the working capital landscape in the country.

To know more, please visit: https://www.credable.in

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 About Chekk

Chekk is a leader in digital identity and KYC, reducing pain and cost from interactions between companies and their Individual & Business customers, enabling better data management for all.

Funded by HSBC and Standard Chartered Bank, and with clients such as SCB, Bain Capital, FinTechs (Virtual Banks, BaaS, Digital Assets…), the award-winning Chekk Platform (available via API, SDK and front-ends) offers powerful solutions for Instant Know Your Business (KYB), 20 seconds Know Your Customers (KYC), and Data Portability. These leverage modular capabilities that include configurable real-time risk engine, workflows, automatic visual company unwrapping, forms pre-filling & company documents, customer outreach Web & Mobile tools, multi-lingual AML checks, beneficial owners (UBOs) identification and verification, for 530 million businesses across 220 countries & territories (with a smart Multi-Sources Engine connected to both live company registries and reputable commercial data providers around the world).

To know more, please visit: https://www.chekk.me

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Chekk