Credit mgmt firm Oolka close to raising funding from Prosus: report

Amsterdam-listed technology investor Prosus is close to investing in Bengaluru-based artificial intelligence-led credit management startup Oolka .Oolka offers services such as free credit score tracking, fraud detection, automated dispute filing, debt settlement and negotiation and personalised recovery plans, collaborating with banks and financial institutions.Prosus, which has invested over USD 8 Billion across more than 30 Indian companies over the past decade, intends to prioritise financial services companies that use technology to either bring underserved customers into the formal financial system or improve underwriting, servicing, and collection costs in lending. The firm’s earlier focus was on consumer internet companies such as Swiggy, Meesho, Urban Company, and PharmEasy, alongside its core financial exposure through PayU. Over the past two years, Prosus has invested USD 100 million in Navi, USD 80 million in Mintifi, and USD 100 million in Vastu Housing Finance. It has also invested in the small-business lender GrowXCD.