PE-VC Fund Investments
Debt-counselling focused fintech co. Riverline AI raises $825-K led by South Park Commons
Bengaluru-based fintech startup Riverline AI has raised USD 825,000 in a pre-seed funding round led by South Park Commons. The round also saw participation from DeVC India, gradCapital, and several angel investors from among executives at Google, Meta, Tesla, M2P, and HyperVerge.Founded in 2024 by Ankit Sanghvi, Jayanth Krishnaprakash, and Abhishek Gupta, Riverline AI develops AI debt counsellors that interact with distressed borrowers to guide them toward more creditworthy decisions and collaborates with technology-led loan service providers, including CRED, Freo, Nira, and Propelld.The new funds will be used towards engineering, AI memory systems, multilingual support, and for scaling its platform to handle over 100,000 conversations daily.
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