# Karthik Nandyal

> Karthik Nandyal is the co-founder and co-CEO of CredCore, a New York vertical-AI company building an end-to-end platform for the roughly $5 trillion enterprise debt capital markets. A two-time founder and long-time capital markets technologist, he previously ran product and R&D for Reliance Jio's Financial Innovation Group and held roles at BNP Paribas, Instinet (Reuters), and IBM, and earlier co-founded the fashion visual-search startup Styloot. In February 2025 CredCore raised a $16M Series A led by Avataar Ventures, and its AI platform now supports oversight of more than $650B in assets under management.

- **Role:** Co-Founder and Co-CEO at CredCore
- **Organizations:** CredCore, Reliance Jio (Financial Innovation Group), BNP Paribas, Instinet (Reuters), IBM, Styloot
- **Education:** Master of Business Administration (MBA), University of Madras, Bachelor's in Business Administration, Frankfurt University
- **Known for:** Co-founded and co-leads CredCore, a vertical-AI platform for the ~$5 trillion enterprise debt capital markets, Raised a $16M Series A led by Avataar Ventures with participation from Inspired Capital, Fitch Group, and BellTower Partners, Built a platform that supports oversight of more than $650B in assets under management for U.S. asset managers

## Career timeline

- **1990s-2000s** — Held technology and trading-systems roles at IBM, Instinet (Reuters), and BNP Paribas, where he worked in equity derivatives and helped build a high-frequency trading business for a major global bank
- **2011** — Co-founded and led Styloot, a visual search and eCommerce startup for women's fashion, as CEO
- **2010s** — Served as SVP and Head of Product, Platform and R&D for the Financial Innovation Group at Reliance Jio
- **2022** — Co-founded CredCore in New York with Saumil Annegiri to bring vertical AI to enterprise debt capital markets
- **2025-02** — CredCore announced a $16M Series A led by Avataar Ventures
- **2025** — CredCore won the Banking category at the 2025 Money20/20 Awards

## Achievements

- Co-founded and co-leads CredCore, a vertical-AI platform for the ~$5 trillion enterprise debt capital markets
- Raised a $16M Series A led by Avataar Ventures with participation from Inspired Capital, Fitch Group, and BellTower Partners
- Built a platform that supports oversight of more than $650B in assets under management for U.S. asset managers
- Won the Banking category at the 2025 Money20/20 Awards over entrants including FICO, J.P. Morgan Payments, Revolut, and Nubank
- Two-time founder who previously led product and R&D for Reliance Jio's Financial Innovation Group
- Helped build a high-frequency trading business for a major global bank

## Latest updates

- **2025-02** — CredCore announced $16M in Series A funding led by Avataar Ventures to expand its AI-driven debt investment platform.
- **2025** — CredCore won the Banking category at the 2025 Money20/20 Awards.

## Links

- Website: http://karthiknandyal.com/
- LinkedIn: http://www.linkedin.com/in/karthiknandyal
- Twitter/X: https://twitter.com/karthik_nandyal

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Profile page: https://yespress.io/karthik-nandyal
Published by YesPress — https://yespress.io
Last updated: 2026-07-16