Now Reading: Rezolv raises $12.5 Mn from Norwest for AI lending suite
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Rezolv raises $12.5 Mn from Norwest for AI lending suite
Rezolv, an AI-powered lending tech startup, has raised $12.5 Mn (about Rs 115 Cr) in a Series A round led by Norwest. Vertex Ventures Southeast Asia and India and existing backer 3one4 Capital also participated. The Mumbai-based company will use the funds to strengthen AI capabilities across the lending lifecycle, from sales and risk assessment to underwriting and collections.
Founded in 2024 by former Kissht cofounders Sonali Jindal and Karan Mehta, Rezolv offers a platform that automates lending and debt-collection workflows for banks and NBFCs. It claims to have onboarded over 22 financial institutions including ICICI Bank, AU Small Finance Bank, and Bajaj Auto Credit, and supports collections across more than 12 Mn loan accounts. The startup has raised $16 Mn total, competing with Credgenics and DPDzero.
Indian Opinion Analysis
Rezolv raises $12.5 Mn in Series A led by Norwest to expand its AI lending suite for banks and NBFCs.
Coverage: 1 source, 1 neutral
Source: inc42.com (neutral report)
This story was synthesised by AI from the source linked above. Methodology and corrections.
