Oolka Raises $7M to Build AI-Powered Credit Platform

Bengaluru-based fintech startup Oolka has raised US$7 million in seed funding, led by Lightspeed India Partners and Z47, with participation from 8i Ventures and a group of angel investors.

Founded in 2024 by Utkrishta Kumar, Oolka is building an AI-powered credit management platform designed to help users track, monitor, and optimize their credit profiles.

The company’s platform leverages artificial intelligence to provide actionable insights into repayment schedules, credit utilization, and personalized recommendations, making credit management seamless for consumers. Oolka plans to utilize the fresh funding to expand its team, accelerate product development, and introduce new AI-driven features to enhance customer experience.

Key Highlights

Oolka secures $7M in seed funding led by Lightspeed and Z47
AI-powered credit platform to add new features and expand team
Partners with Yes Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance & InCred

The startup has also entered into strategic partnerships with Yes Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance, and InCred, enabling it to broaden its credit offerings and strengthen integration with India’s financial ecosystem.

The rise of AI-driven financial tools comes at a time when India’s digital lending market is rapidly expanding, driven by increasing demand for personalized financial services and better credit access. Oolka aims to position itself as a leading player in this space by combining technology, financial partnerships, and customer-first innovation.

Also Read: Hala Raises $157M to Boost MSME Fintech Expansion

With strong investor backing and institutional collaborations, Oolka is set to play a pivotal role in reshaping how individuals in India manage their credit and access financial services, aligning with the country’s growing digital finance revolution.