Oolka, a Bengaluru-based AI fintech startup, is set to raise $12 million in a new funding round led by Accel as it looks to scale its artificial intelligence-driven financial infrastructure platform. The proposed round comes just months after the company raised $7 million in a seed round led by Lightspeed India Partners and Z47.
According to people familiar with the development, the upcoming round is also expected to see participation from existing investors and new backers, although the final structure of the deal is still being finalised.
Founded by Neeraj Baid and Nikhil Rathi, Oolka develops AI-powered solutions aimed at helping financial institutions automate operations and improve efficiency across lending and financial services workflows. The platform uses artificial intelligence to analyse financial data and streamline decision-making processes for banks, fintech companies and other financial services providers.
The startup focuses on building technology that simplifies credit management and enhances operational efficiency for financial institutions. Its AI-driven platform enables organisations to process financial data more effectively while improving speed and accuracy in lending-related decisions.
In addition to enterprise solutions, the company is also exploring tools that provide personalised guidance to consumers on managing credit requirements, consolidating debt products and improving their financial profiles. The platform uses AI agents to help users better manage borrowings, dues and financial planning.
The fresh funding is expected to support Oolka’s next phase of growth by expanding its product capabilities, strengthening its engineering team and accelerating customer acquisition among financial institutions.
The company has also attracted several prominent angel investors, including Ramakant Sharma of Livspace, Vidit Aatrey of Meesho and Rajesh Yabaji of Blackbuck.
Investor interest in AI-led fintech infrastructure has been rising in recent years as financial institutions increasingly adopt automation technologies to improve operational efficiency, reduce costs and strengthen risk management frameworks.
Accel has been an active investor in India’s startup ecosystem, backing several high-growth companies across fintech, enterprise software and artificial intelligence. The planned investment in Oolka reflects growing venture capital interest in startups building AI-powered infrastructure for financial services, a segment witnessing increasing global adoption.
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