AK And Partners Advices Credochain In Dun And Bradstreet’s Acquisition Of Rights In Credochain

AK and Partners advises Credochain in Dun and Bradstreet’s Acquisition of Rights in Credochain Dun & Bradstreet India, a leading global provider of business decisioning data and analytics, has acquired the rights in the credit decisioning and analytics platform of Credochain Technologies Pvt. Ltd. (“Credochain”), a data-driven and analytical platform that caters to the complex requirements of MSME lending. 

The global pandemic has resulted in significant and frequent changes in the credit cycles of Micro, Small, and Medium Enterprises (MSMEs). Consequently, lenders, including banks and Non-Banking Financial Companies (“NBFCs”), are seeking real-time views of the creditworthiness of businesses to help manage their credit risk exposure. 

Corporates are also seeking information on their customers, vendors, and suppliers, to facilitate faster and better credit decision-making. In response to this demand, Dun & Bradstreet enhanced Credochain’s platform to automate the analysis of underlying business transactions and cash flows, using dynamic data from sources including GST filings, bank statements, credit bureau data and ITR filings, as well as integrating D-U-N-S numbers into the system. 

This acquisition will strengthen Dun & Bradstreet India’s financial database of more than 23 million records and will benefit its portfolio of more than 15,000 banking, financial services and insurance clients, as well as corporate clients which are looking to expand their business with MSMEs. 

In this transaction Anuroop Omkar and Kritika Krishnamurthy advised Credochain on behalf of AK and Partners, and Khaitan and Company advised Dun and Bradstreet India.