Press Release

Introducing Recur Scale: Empowering Startups and SMEs with up to ₹100 Crores in Debt Financing

Recur Club, India’s largest debt marketplace for startups, has announced its latest credit offering, Recur Scale. This new product aims to finance Series A, B, C, D and beyond startups and SMEs with debt offerings of up to ₹100 crores, targeting a total allocation of ₹1000 crores in FY 2024-25.

The product is designed to assist startups and SMEs with revenue of ₹40 crores and above, helping them secure financing from multiple lenders through the Recur Club Marketplace.

Range of Credit Structures for Startups & SMEs

Trusted by companies like WellVersed, Red Health, Ikon, Battery Smart and many more, Recur Scale offers a diverse array of credit structures.

These include:

  • Structured Term Loans
  • Venture Debt
  • Acquisition Financing
  • Vendor Financing
  • Operating Leases
  • Bill Discounting
  • Working Capital Loan
  • Vendor Financing
  • PO Financing
  • Over Draft
  • Cash Credit
  • Bank Guarantee
  • Loan Against Property  

These solutions are tailored to meet the varied business needs of companies across sectors such as SaaS, Tech, E-commerce, Manufacturing, EV, D2C, Agritech, and many more.

Access 120+ Lenders with a Single Application

The product boasts partnerships with 120+ marquee lenders such as InCred and many more. By leveraging these partnerships, Recur Club aims to become the go-to solution for secured and unsecured financing for startups and SMEs.

In the quarter ending March 2024, Recur Scale contributed 15% of Recur Club's quarterly Gross Transaction Value (GTV), reflecting its growing popularity.

Mr. Eklavya Gupta, Co-CEO and Co-Founder of Recur Club, expressed the company’s commitment to meeting the evolving credit needs of their customers. He stated, “Recur Scale was born out of a genuine need expressed by our growing customers. As their revenues increased with our cash flow-based credit, their credit needs also evolved. There was a clear demand for diverse credit structures within the Recur Club ecosystem. Thus, the Recur Scale came into existence.”

He added, “Our goal is to save their time spent approaching different lenders and to help them have clear visibility of different credit offers on our marketplace.”

Why Choose Recur Scale

Recur Scale employs advanced AI-backed matchmaking technology to connect borrowers with suitable lenders. This technology streamlines discovering, comparing, and selecting loan offers, ensuring transparency and efficiency in securing credit.

Committing to Empowering Startups & SMEs

Recur Club plans to deploy ₹1000 crores through the Recur Scale product and an additional ₹2000 crores via its Recur Swift product for startups in FY 24-25. The company aims to double the adoption of the Recur Scale by adding new customers and expanding its reach in the ongoing quarter.

Earlier this month, Recur Club partnered with InCred to disburse ₹300 crores to early and mid-range startups, underscoring its commitment to providing substantial capital for business expansion.

Recur Scale by Recur Club is a strategic product designed to support startups and SMEs in securing large capital for growth. With its tailored financing solutions and trusted advisory services, Recur Scale stands as an advocate of transparency and efficiency in the startup financing ecosystem.

Covered in: Your Story, Entrepreneur India, Deal Street Asia, Business Today, Microsoft News, NDTV Profit, ET Insights, BW Disrupt and Entrackr.

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