Bengaluru-based fintech startup Oolka has raised $14 million (approximately Rs 130 crore) in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47, the company announced in May 2026.
The round values Oolka at roughly Rs 730 crore ($87.6 million) post-money. The startup had previously raised $7 million in a seed round led by Lightspeed and Z47.
Founded in 2024 by Utkrishta Kumar, Oolka operates an AI-powered platform that helps users manage and improve their credit health. The platform uses AI agents to assist users across the financial lifecycle — identifying credit issues, improving scores, and managing loans with personalized recommendations. The company says it is also working toward a broader financial operating system for consumers that extends beyond credit management.
Oolka reports 6 million registered users and approximately $2.5 million in annual recurring revenue. Its lending partners include IDFC First Bank, DMI Finance, L&T Finance, DSP Finance, and InCred.
The new capital will be used to expand Oolka’s AI engineering capabilities, enhance its product stack, and deepen partnerships with banks and non-banking financial companies (NBFCs).
The platform operates in a competitive space. Its closest direct competitor, GoodScore, raised $13 million in October 2024 in a round led by Peak XV, and similarly focuses on AI-driven credit improvement and personalized user guidance. Other platforms including OneScore, Paisabazaar, and CRED offer credit score tracking and recommendations but are less focused on execution-led credit improvement, according to the company.
Source: Entrackr : Latest Posts