Krab
Krab is a fintech company based in Hyderabad, India, specializing in providing digital financial solutions and collateral-free loans to trucking companies, particularly those without formal credit scores.
Overview
Krab is a fintech company headquartered in Hyderabad, Telangana, India. Launched in March 2021, Krab operates in the credit and lending sub-industry. The company is a part of the Y Combinator W21 batch. Although currently in the early stage of development and marked as inactive, Krab has been recognized for its innovative approach to providing digital ledger solutions and lending services.
Services
Krab provides a comprehensive digital ledger book feature for users to record trips and ledger entries. This platform allows users to manage transactions with customers including sales, costs, and payment details. Users can generate invoice summaries that can be electronically sent to customers, facilitating ease of payment. The platform also allows communication of transaction details through phone calls, text messages, and emails.
Lending Solutions
Krab acts as a lending partner under NBFCs such as Sunita Finlease Limited, providing a lending platform primarily for truckers and trucking companies. The company creates a rich credit profile by pulling data from over 200 data points. Krab offers immediate loan approvals from multiple banking partners in less than 60 seconds. These loans are fast, flexible, and collateral-free with a fair and transparent process, ensuring no hidden charges.
Trucking Industry Services
Krab offers a specialized platform for trucking companies to use for order management, invoice generation, vendor payments, and collections. The platform serves as a one-stop solution for all working capital needs of trucking businesses. By enabling messy financial records to be translated into a usable credit profile, Krab helps companies secure loans even without a formal credit score.
Regions of Operation
Krab primarily operates in India and South Asia, but it also supports remote and partly remote operations. This flexibility allows the company to cater to a diverse set of customers across different geographic regions.