Archive · 24 Sep 2025
Oolka, AI Fintech, Raises $7M to Boost Credit Score Services
Imagine a helpful robot for your money!
Oolka is a new company that uses artificial intelligence (AI) to help people with their credit scores.
It was started by a former boss from a company called Meesho.
They've just received $7 million from investors.
This money will help them hire more people, improve their technology, and make the app even better for users.
Oolka helps users track their credit, suggests ways to improve it, and may even negotiate with lenders.
They also help users pay their bills and manage their bank accounts, all in one place.
They earn money by providing credit to their users through credit marketplace.
Oolka, an AI-led fintech startup, raised $7 million in seed funding.
The funding round was led by Lightspeed India and Z47.
Oolka, founded in January 2024 by a former Meesho executive, utilizes AI to track credit scores.
The startup plans to use the funds for hiring, technology upgrades, and enhancing user experience.
Oolka operates a credit marketplace with partners like YES Bank and IDFC Bank.
- Who
- Oolka, founded by Utkrishta Kumar, former Meesho executive.
- What
- Raised $7 million in seed funding.
- When
- January 2024 (founded).
- Where
- Bengaluru, India.
- Why
- To enhance tech, user experience and expand hiring.
- Startup
- Oolka
- Founder
- Utkrishta Kumar
- Funding Amount
- $7 Million
- Funding Round
- Seed
- Lead Investors
- Lightspeed India, Z47
- Uses of Funds
- Hiring, Tech Stack, User Experience
- ARR (FY25)
- $1 Million (approx)