Enrission India Capital backs Recur Club in extended $50 Mn Series A round
The startup currently works with more than 100 banks, NBFCs, and financial institutions, helping businesses navigate a fragmented lending ecosystem.
Japan-based venture capital firm Enrission India Capital has announced its investment in AI-powered debt financing platform Recur Club as part of the company’s extended $50 million Series A funding round.
The fresh capital will be used to strengthen Recur Club’s AI-driven underwriting capabilities, expand its network of lending partners, and accelerate access to structured credit solutions for startups, SMEs, and mid-market businesses.
Founded by Eklavya Gupta and Abhinav Sherwal, Recur Club operates an AI-powered debt financing platform that connects businesses with suitable lenders through intelligent capital matching and data-driven underwriting systems.
At the core of the platform is AICA (AI Credit Analyst), the company’s proprietary AI underwriting engine designed specifically for India’s business lending ecosystem. The system aggregates data from company financial systems, transaction records, and external sources to evaluate businesses across multiple parameters, including revenue growth, customer churn, concentration risk, business momentum, and founder profiles.
By leveraging these insights, Recur Club aims to help lenders and borrowers make faster and more informed financing decisions. According to the company, its technology can reduce the financing cycle from several months to as little as five days in certain cases.
The platform currently works with more than 100 banks, NBFCs, and financial institutions, helping businesses navigate a fragmented lending ecosystem often marked by lengthy approval timelines and limited access to real-time credit intelligence.