India, Sept. 29 -- Debt marketplace Recur Club has raised $50 Mn in a mix of equity and debt to expand its AI-powered debt financing platform for startups and SMEs.

The round included $8 Mn equity funding led by existing backer InfoEdge Ventures, alongside participation from LC Nueva, Physis Capital, String Ventures, and Finvolveia. The remaining $42 Mn was debt funding from Incred, Ugro, Lighthouse Canton, and other NBFCs and debt funds.

Recur Club said it would use the funds to strengthen its AI credit engine, AICA, expand into tier II & III cities, add new product lines, and scale its team. It is targeting an annual debt run-rate of INR 10,000 Cr by FY27.

Founded in 2021, Recur Club operates a debt marketplace connecting businesses ...