Debt collections infrastructure company CredResolve has raised an undisclosed amount in a pre-Series A round led by Merak Ventures, with participation from existing investors Unleash Capital Partners and CDM Capital.
The Gurugram-based company had earlier secured $1.1 million in a seed round led by Unleash Capital Partners, along with CDM Capital in March last year, and $100K in an angel round from PedalStart, Tujala Goud, and others in February 2024.
The proceeds will be used to expand operations to 15 states, scale its multilingual AI and voice capabilities, and build a self-serve platform for lenders, the company said in a press release.
Co-founded in 2023 by Balaji Koustubha and Vijay Kumar, CredResolve is an AI-powered, full-stack debt collections infrastructure company serving banks, NBFCs, fintechs, and microfinance institutions across India. Its platform integrates AI voice bots, digital channels, a field agent network, and legal automation to drive outcome-based collections.
Unlike software-only solutions or traditional outsourcing models, CredResolve operates its own infrastructure, offering lenders real-time visibility into performance and recovery outcomes across channels.
The company currently manages over $6 billion in assets across 12 states and is part of the NVIDIA Inception Program.