Rezolv Bags $12.5 Mn To Expand AI-Powered Lending Suite

Startup Rezolv, a Mumbai-based provider of AI-powered lending solutions, has secured $12.5 million in Series A funding to bolster its offerings across the lending and debt-collection lifecycle. The round, led by Norwest, saw participation from Vertex Ventures Southeast Asia and India, as well as existing investor 3one4 Capital. Founders Sonali Jindal and Karan Mehta, former Kissht executives, aim to enhance their AI capabilities to improve recovery rates, lower costs, and increase productivity for banks, NBFCs, and other lenders.

Rezolv's platform automates debt-collection workflows, from pre-delinquency stages to loan write-offs, across digital communication channels, phone calls, field visits, and legal actions. The company's AI voice agents, available in 11 Indian languages, assist with sales, welcome calls, customer support, and collections. Rezolv has onboarded over 22 banks and NBFCs, managing more than 12 million loan accounts in India.

This Series A funding, bringing the startup's total raised capital to $16 million, underscores the growing interest in debt-collection technology. Last year, Credgenics raised $7 million for multilingual AI agents and expansion, and DPDzero secured $7 million to develop its debt-collection platform for financial institutions. With banks and NBFCs increasingly turning to automation and AI-powered tools, competitors like Rezolv and Credgenics are positioned to capitalize on this trend.