Collections platform CredResolve raises $1.1 M led by Unleash Capital Partners

Gurugram-based collections platform CredResolve has raised USD 1.1 million in a seed funding round led by Unleash Capital Partners with participation from CDM Capital.Founded in August 2023 by Balaji Koustubha, G Prashant Kumar, and Vijay Kumar, CredResolve aims to be an AI-powered collections platform dedicated to optimizing the debt resolution process in India. The platform integrates technology with regulatory compliance to help financial institutions improve recovery rates, reduce operational inefficiencies, and enhance borrower experiences.The firm claims to serve over 20 lenders across banks, fintech firms, Non-Banking Financial Companies (NBFCs), and Asset Reconstruction Companies (ARCs).The fresh proceeds will be used to expand the firm's partnerships to over 25 financial institutions, enhance AI-driven technology stack, and strengthen their presence across multiple cities.