Altum Credo Home Finance Private Limited Closes $19.5M Funding

Altum Credo Home Finance Private Limited has secured $19,500,000 in a recent funding round, reinforcing its mission to address critical home finance needs. The company operates as a Home Finance Company registered with the National Housing Bank, focusing on providing financial accessibility to specific segments of the Indian population. This capital infusion will support the company's strategic growth initiatives as it continues to expand its operations. The company's primary objective is to cater to the home finance requirements of customers belonging to Low and Medium Income Groups. Altum Credo Home Finance is particularly focused on reaching the largely untapped potential within unserved and underserved segments, areas where a significant urban housing shortage persists. Their business model aims at an unwavering commitment towards assisting first home buyers in the semi-urban and rural areas of India. This targeted approach positions the company to make a meaningful impact on housing accessibility. This funding round underscores investor confidence in Altum Credo Home Finance's business model and its potential to scale within the targeted housing finance market. The capital is planned to be deployed to bolster the company's operational capabilities, enhance its technology infrastructure, and deepen its penetration into its core markets. This will enable Altum Credo to serve a greater number of aspiring homeowners across various regions. The company plans to use the funds to strengthen its lending capacity and expand its network, ultimately advancing its commitment to financial inclusion. Altum Credo Home Finance Private Limited looks forward to leveraging this investment to accelerate its growth trajectory and further its objective of providing essential home financing solutions to first-time buyers in underserved communities.