Mumbai-based Rezolv secures $12.5 million in Series A funding led by Norwest Venture Partners, aiming to revolutionise credit infrastructure with expanded AI capabilities across the lending cycle.
Mumbai-based lending technology start-up Rezolv has raised $12.5 million in a Series A round led by Norwest Venture Partners, in a deal that underscores continued investor appetite for artificial intelligence in credit infrastructure. Vertex Ventures Southeast Asia and India also participated, alongside existing backer 3one4 Capital. Dealroom said the round values the company at $51.2 million.
Founded in 2024 by Karan Mehta and Sonali Jindal, the former co-founders of digital lender Kissht, Rezolv is building AI tools for lenders. Its platform is designed to automate and streamline collections workflows, with the company positioning itself as a software provider for financial institutions that want to manage repayment more efficiently.
The fresh capital will not be limited to collections. Rezolv says it plans to push deeper into broader credit services, using much of the new funding to expand its AI capabilities across more parts of the lending cycle. That strategy appears to have resonated with investors: the company had raised $3.5 million in seed funding last year at a $12.8 million post-money valuation, implying a roughly fourfold jump in less than a year.
Mehta said Rezolv had reached an annualised revenue run rate of about 300 million rupees by March, at the end of its first full year of operations. For India’s fintech market, the size of the Series A and the pace of the valuation increase suggest that backers are increasingly willing to pay for automation that goes beyond debt recovery and into the wider credit stack.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
