India: CredAble – an award-winning AI-Powered Technology Platform that enables Working Capital Financing across enterprise ecosystems announced the appointment of Mr. Manu Prakash as Executive Director & Head – FI Coverage & Partnerships. Mr. Manu is a seasoned trade finance professional and comes with over 16 years of experience in the banking industry.
From working for major financial institutions like HSBC, Standard Chartered and ICICI to heading Trade and Product for Sumitomo Mitsui Banking Corporation (SMBC) Asia Pacific in India, Mr. Manu has always strived to create true financial inclusion. Delighted to start his new journey, Mr. Manu Prakash, Executive Director & Head – FI Coverage & Partnerships, CredAble stated, “My vision of creating financial inclusion across ecosystems truly matches at CredAble as the company provides the most comprehensive suite of working capital solutions in India, while getting the previously unbanked small businesses into the formal lending sector. CredAble understands that availability of working capital is scarce today, especially for small businesses who cannot provide collateral. Thus, with a monthly disbursement of more than INR 3,000 crores, CredAble is enabling tailor-made working capital solutions for small businesses and I am pleased to get an opportunity to leverage my experience in order to enhance the reach further.”
At CredAble, Mr. Manu will steer strategic partnerships across product portfolio and financial institutional coverage. He looks forward to this opportunity in building CredAble India’s largest working capital platform. Pleased to welcome Mr. Manu, Mr. Ram Kewalramani, Co-Founder and Managing Director, CredAble said, “”At CredAble, we leverage our technology, big data analytics and our trade finance expertise while partnering with capital providers to create India’s leading working capital platform. Manu’s expertise in the industry will help further expand CredAble’s reach to enable working capital across India Inc.”
Mr. Manu is an IIFT, Delhi alumnus and has done engineering from Delhi Technological University (NSIT) and is a CDCS qualified professional.
Whilst ensuring financial health of businesses all these years, Mr. Manu also believes that an individual should always prioritize their physical and mental wellbeing. Being a sport and fitness enthusiast, Mr. Manu lives by the motto “Health is priceless wealth, invest while you can.”
About CredAble:
CredAble is India’s largest working platform enabling more than USD 2 billion annually in working capital for India Inc which includes large, mid, emerging corporates, MSMEs and financial institutions. CredAble’s platform hosts over 50 corporate customers, over 100000 borrowers and over 25 large financial institutions and banks. By leveraging our technology, big data analytics, trade finance expertise and partnerships with capital providers, we are able to provide comprehensive working capital financing solutions to Corporate India.
The Company was awarded under the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and as the Best Supply Chain Finance Solution of the Year 2019 at the Inflection 2019, a leading supply chain summit. The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020 and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.