The Two-Wheeler Enabler: CreditWise Capital’s Ride to Revolutionize Vehicle Finance

Introduction to Credit Wise Capital

Established in 2018 by Soumya Jain and Anup Agrawal, Credit Wise Capital (CWC) is a rapidly growing consumer finance Non-Banking Financial Company (NBFC) with its headquarters in Mumbai, Maharashtra. Dedicated to transforming the financing of two-wheelers in India, CWC integrates strong offline sourcing and cutting-edge online models to provide technology-backed loan solutions to customers in a timely and efficient manner.

A two-wheeler isn’t just a vehicle in India — it’s freedom. From college students zipping to class to gig workers making deliveries, bikes power daily life for millions. Yet for many, buying that scooter or bike means endless paperwork, unhelpful bank branches, or outright rejection.

The Challenges of Credit Wise Capital

In 2018, Soumya Jain and Anup Agrawal concluded it was time to make two-wheeler lending fast, technology-led, and accessible. They created CreditWise Capital (CWC) — a digital-age NBFC specifically built for India's emerging middle class and youth.

In contrast to main banks, CWC's operation is nearly fully online. Clients are able to apply for a loan for 100% of the on-road price, lodge documents electronically, and be approved within minutes, all without visiting a branch.

What They Do and Why It Matters

Their model resonated in small cities and towns, where organized credit has always been spotty. CWC soon scaled up to 181 cities in 10 states, enabling thousands to buy their dream bike worry-free.

CWC did not rest at two-wheelers. It ventured into second-hand vehicle loans, personal loans for emergency requirements, and business loans to finance India's large micro-entrepreneur ecosystem.

Financial Performance

By FY23, CWC had ₹608 crore Assets Under Management (AUM) with a strong ₹110.41 crore of revenues and profits. Its good capital base, minimal gearing, and good credit ratings have brought in confidence from large investors such as Chanvim Plastics and well-known fintech founders.

Institutional Support and Future Prospects

Tech is their secret ingredient. Proprietary platforms automate credit verifications, underwriting, and collections — reducing human errors and delays. A branchless business model translates to lower overhead, savings they extend to borrowers in the form of competitive interest rates.

Their ambition? To be India's favorite tech-enabled NBFC for vehicle and personal loans — extending freedom and financial empowerment to all corners of the nation.

For the millions dreaming of a smooth commute to work, school, or fun, CreditWise Capital makes that dream within reach. One click. One loan. One new bike — and a road full of promise.

Register for our Student Entrepreneurs Bootcamp here and win the golden opportunity to grow your business into an upcoming Unicorn!

Share CreditWise Capital's story to your friends on LinkedIn or Facebook and inspire them to launch their business ideas today.