Credgenics takes majority stake in debt collection firm Arrise

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Credgenics, a software-as-a-service (SaaS) debt resolution platform, has acquired a majority stake in debt collection firm Arrise to enhance its field debt collections.

The company, which works with more than 150 financial service companies in debt collection, said this move will enhance its collections technology and support Arrise’s expansion across India. The company did not disclose the exact stake it acquired but confirmed it holds a majority stake.

“Whatever optimisations we can drive for the lender, we will drive much better if we also bring…



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Credgenics takes majority stake in debt collection firm Arrise



Credgenics, a software-as-a-service (SaaS) debt resolution platform, has acquired a majority stake in debt collection firm Arrise to enhance its field debt collections.

The company, which works with more than 150 financial service companies in debt collection, said this move will enhance its collections technology and support Arrise’s expansion across India. The company did not disclose the exact stake it acquired but confirmed it holds a majority stake.

“Whatever optimisations we can drive for the lender, we will drive much better if we also bring…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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