Bengaluru-based fintech startup Oolka has raised $14 million (around Rs 130 crore) in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47.
Last week, Entrackr exclusively reported on the funding, round breakup, and valuation, which has increased to Rs 730 crore (approximately $87.6 million) post-money. The Bengaluru-based startup had previously raised $7 million in a seed round led by Lightspeed and Z47.
The new proceeds will be used to expand its AI engineering capabilities, enhance its product stack, and deepen partnerships with banks and NBFCs.
Founded in 2024 by Utkrishta Kumar, Oolka is building an AI-powered financial platform that helps users manage and improve their credit health. The startup uses AI agents to assist users across the financial lifecycle, including identifying credit issues, improving scores, and managing loans with personalized recommendations.
Oolka is also working towards building a full-stack financial operating system for consumers, moving beyond credit into broader financial decision-making.
The platform claims to have crossed 6 million registered users and reported around $2.5 million in annual recurring revenue. It has partnerships with lenders such as IDFC First Bank, DMI Finance, L&T Finance, DSP Finance, and InCred.
Oolka’s closest direct competitor is GoodScore, as both platforms focus on AI driven credit improvement and personalised user guidance. In October last year, GoodScore raised $13 million in a round led by Peak XV. Other platforms such as OneScore, Paisabazaar, and CRED operate in adjacent areas by offering credit score tracking and recommendations, but they are less focused on execution led credit improvement.
