Bengaluru based AI powered fintech platform, GoodScore, has successfully raised $13 million in a Series A funding round. The investment was led by Peak XV Partners, with continued participation from existing investors Stellaris Venture Partners and Saison Capital.
Founded in 2023 by Sanchit Bansal, GoodScore focuses on helping millions of users manage and improve their credit health through personalized, AI driven insights and expert guidance. Since its launch, the platform has achieved significant scale across India, with notable adoption in tier two and tier three cities.
Sanchit Bansal, founder of GoodScore, commented on the announcement. “Our goal is to make responsible credit management a mainstream habit for millions of Indians,” he stated. The fresh capital will be strategically used to deepen the company’s AI led advisory offerings, expand its technology, product, and operations teams, and enhance its credit marketplace, which connects borrowers and lenders across India.
The platform functions by consolidating credit bureau data, transactional insights, and behavioral patterns to provide real time credit monitoring, personalized score improvement guidance, and repayment tracking in a single view.
Ishaan Mittal, managing director at Peak XV, highlighted the platform’s mission. “India has an active borrower base of over 250 million consumers. GoodScore is on a mission to empower them by putting them in charge of their credit health,” he said.
Mayank Jain, principal at Stellaris Venture Partners, further emphasized the timeliness of the investment, noting that the company’s strong traction reflects the rising importance of credit health in India, a trend that was significantly accelerated by the COVID 19 pandemic and the growing need for reliable credit management tools.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
