Credwise

Credwise Solutions was an early-stage Indian fintech startup founded in 2022 by IIT alumni that aimed to democratize credit access through a unique credit card sharing platform. Based in Bangalore, India, the company developed a mobile application that enabled credit card owners to share their credit lines with family and friends through prepaid cards, allowing users to consolidate expenses under a single credit line while maintaining control and monitoring capabilities.

The platform addressed a significant gap in the Indian market where many individuals lack access to traditional credit but have family members with established credit lines. Credwise's solution allowed users to identify the best credit card offers, manage bills and subscriptions, unlock credit card benefits, and streamline household financial management. The company focused on simplifying the process of saving money through shared financial resources and helping users maximize the value of existing credit cards.

Credwise raised $157,000 in seed funding from 100X.VC in July 2022 at a valuation of approximately ₹8.33 Crore ($1 million USD). However, the company struggled to achieve significant commercial traction, reporting only ₹15,000 (approximately $180 USD) in annual revenue as of March 31, 2024. On February 5, 2024, Credwise Solutions was acquired by WLDD, marking an early exit for the founders. The acquisition came before the company could scale its user base or prove its business model, representing a common outcome for early-stage fintech startups in the competitive Indian market.