Debt collections infrastructure company CredResolve has recently secured funding in a pre-Series A round led by Merak Ventures, along with participation from existing investors Unleash Capital Partners and CDM Capital. The exact amount of this funding has not been disclosed. This move comes after the company had previously raised $1.1 million in a seed round last year and $100K in an angel round in 2024.
The funds from this latest round are earmarked for expanding operations to 15 states, enhancing its multilingual AI and voice capabilities, and developing a self-serve platform for lenders, as per a company press release.
Established in 2023 by Balaji Koustubha and Vijay Kumar, CredResolve specializes in AI-driven debt collections infrastructure, catering to various financial institutions in India such as banks, NBFCs, fintech firms, and microfinance institutions. The company’s platform integrates AI voice bots, digital channels, a field agent network, and legal automation to optimize outcome-based collections.
CredResolve manages its infrastructure rather than relying solely on software or outsourcing, providing lenders with real-time insights into performance and recovery outcomes across different channels. Currently overseeing assets worth over $6 billion in 12 states, the company’s association with the NVIDIA Inception Program underlines its tech-focused approach.
Source: Entrackr : Latest Posts