Mumbai-Based Rezolv Secures $3.5M to Drive AI-Driven Collections Innovation

Rezolv Co-Founders: Karan Mehta and Sonali Jindal

Debt resolution platform Rezolv on Tuesday (Mar 4) secured $3.5 million in a seed funding round led by 3one4 Capital to support product expansion. The Mumbai-based company announced its operational launch along with the latest funding round.

The platform was founded by the co-founders of credit platform Kissht, Karan Mehta and Sonali Jindal.

The funding will support product innovation, expansion, and deeper integration with financial institutions, the company said. It will assist lenders in transitioning to artificial intelligence (AI)-powered collections systems.

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates.

The company assists lenders in improving collection decision-making through a strategy builder that enables the creation of micro strategies.

Debt resolution platform Rezolv on Tuesday secured $3.5 million in a seed funding round led by 3one4 Capital to support product expansion. The Mumbai-based company announced its operational launch along with the latest funding round.

The platform was founded by the co-founders of credit platform Kissht, Karan Mehta and Sonali Jindal.

The funding will support product innovation, expansion, and deeper integration with financial institutions, the company said. It will assist lenders in transitioning to artificial intelligence (AI)-powered collections systems.

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates.

The company assists lenders in improving collection decision-making through a strategy builder that enables the creation of micro strategies.

Source: Business Standard