Credgenics, a SaaS-based debt collections and resolution platform, has launched CG Setu, an initiative to strengthen field debt collections through the acquisition of Arrise, a collections service provider focused on the BFSI sector.
CG Setu will be a unique field fleet of smarter, agile, and digitally empowered personnel with standard operating procedures that act as an on-ground bridge between lenders and borrowers. This move will harness Credgenics’ collections technology leadership and Arrise’s expansive pan-India network.
Through its technology integration, Credgenics will enable seamless field fleet management and monitoring for better reach, easy scalability, and operational transparency—ultimately enhancing the collection experience.
Founded in 2019, Arrise has a presence across 25+ Indian states through a network of over 5,000 professionals and provides calling services in 13+ vernacular languages. Arrise will continue to operate under its existing leadership team for a minimum period of 5 years.
With this acquisition, Credgenics becomes a comprehensive full-stack collections solutions provider with a pan-India presence offering end-to-end capabilities, including on-field operations across 18,000+ pin codes, digital collections, multiple dialers, voice bots, litigation and repayment management systems, and strategic consulting on collections and legal workflows. Together, Credgenics and Arrise are poised to rapidly grow the combined annual revenue to ₹850 crore over the next 3 years and deliver transformational excellence across debt collections.
Rishabh Goel, Co-founder & CEO, Credgenics, said, “This strategic partnership marks a huge step forward in Credgenics’ mission to transform debt collections with technology. CG Setu will disrupt the field collections model with its efficient, data-driven, and compliant approach. It will deliver greater efficiency and complete transparency for lenders, while providing a superior experience for borrowers.”
Avadhut Thali, MD & CEO of Arrise, said, “Joining hands with Credgenics unlocks new avenues for technology innovation and business value creation in the critical area of debt collections. We are confident that this coming together of expertise and technology will help us set new benchmarks in scale, effectiveness, and compliance for collections in the financial services industry.”
Kunal Sawhney, Executive Director of Arrise, said, “This collaboration with Credgenics is a defining moment for Arrise. Together, we will continue to empower lenders with unmatched efficiency, innovative insights, and compliance standards.”
