CreditEnable, is a global, AI driven SME credit marketplace that partners with private sector banks, NBFCs and fintech leaders to arrange credit to SMEs with loan requirements. CreditEnable, an Oktober6 Limited company, is headquartered in UK, with offices in London & Mumbai and has been named as one of the 'Most Influential Financial Technology Companies'.
CreditEnable recently said that it is ramping up activities in India to help improve access to finance for small and medium enterprises (SMEs) during COVID19 and is adding Mr. Aditya Ghosh to its global investor group and the advisory board.
Obhan & Associates represented Mr. Aditya Ghosh on his investment in CreditEnable, as well as his entry as a member of Credit Enable's Global Advisory Board.
The Firm helped structure the proposed investment, reviewed the definitive agreements involved including the investment agreement. The Firm was also involved with the compliance aspects of the transaction.
The transaction was led by Ashima Obhan (Partner). Other team members: Vrinda Patodia (Principal Associate), Shivam Patanjali (Associate).
CreditEnable's India network currently caters to more than 20 leading lenders, with INR 53,700 crore of loan books. It has an exclusive strategic partnership with the Confederation of All India Traders (CAIT), an alliance that creates exclusive access to affordable finance for around seven crore SMEs. Mr. Aditya Ghosh joins the CreditEnable Global Advisory Board comprising of industry titans such as Mr. Ishaat Hussain, former Tata Sons CFO, Mr. Abhijit Sen, former CFO Citi India and former Chairman of Citicorp Services India, along with current and former senior global executives from S&P, Barclays, Citibank, HSBC and JP Morgan, Sun Gard, and other leading global financial services firms.
ABOUT THE FIRM:
Obhan & Associates is a reputable, skilled and professionally managed full-service law firm in India, with offices in New Delhi and Pune. It offers end-to-end services in the fields of corporate law and intellectual property and has been consistently recognised as one of India's leading law firms.
Obhan's highly experienced corporate and M&A team provides a broad range of transactional and advisory services. It includes dedicated commercial lawyers who have expertise in drafting, negotiating and enforcing contracts involving a wide range of commercial arrangements. Its corporate law department has advised on and concluded several transactions, predominantly in the fintech, education and technology industries.