The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Financial Services, Arva Health, Software Development, Environmental Services, Information & Technology, & Telehealth marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Seed, Pre-Seed, Pre-Seed, Pre-Series A, & Series C.

Funding News: Collections platform CredResolve captures $1.1 million Seed Fund

Startup: CredResolve

Founders: Dhiraj Chiruvella & Balaji Koustubha

About us: CredResolve is an AI-driven collections platform aimed at transforming the debt resolution process in India. Our mission is to create a positive impact for both lenders and borrowers by reducing operational inefficiencies, improving recoveries, and ensuring regulatory compliance.

Founded Year: 2023

Office: Gurugram

Sector: Financial Services

Funding Round: Seed

Investors: UNLEASH Capital Partners, Tujala Goud, PedalStart, and other investors

With CDM Capital participating, UNLEASH Capital Partners led a $1.1 million seed investment round for collections platform CredResolve.

In February 2024, the Gurugram-based business raised $33.6K in an angel round from Tujala Goud, PedalStart, and other investors.

According to a news statement from CredResolve, the money will be utilized to improve its AI-driven technology stack, increase its presence in many cities, and broaden its collaborations to more than 25 financial institutions.

CredResolve is an AI-powered collections platform that was co-founded in August 2023 by Balaji Koustubha, G Prashant Kumar, and Vijay Kumar with the goal of streamlining the debt resolution procedure in India. The platform helps financial institutions increase recovery rates, decrease operational inefficiencies, and improve borrower experiences by fusing technology and regulatory compliance.

Website: https://credresolve.com/