Rezolv is a debt resolution platform that helps banks and financial companies recover loans, raised $3.5 million in funding from 3one4 Capital. The company uses AI and data analytics to improve the debt collection process. It was started in October 2024 by Karan Mehta and Sonali Jindal, who also co-founded Kissht.
It helps lenders manage digital communication, reminders, calls, field visits, and legal processes. The platform predicts defaulters early and offers smart recovery strategies. By combining multiple tools into one system, Rezolv makes collections easier, reduces costs, and improves loan recovery for financial institutions.
What is Rezolv?
Rezolv is an AI-powered debt resolution platform that helps banks and non-banking financial companies (NBFCs) recover loans efficiently. It was founded in October 2024 by Karan Mehta and Sonali Jindal, co-founders of the digital lending startup Kissht. Rezolv streamlines the loan collection process using advanced analytics, artificial intelligence (AI), and automation.
The platform offers features like digital communication, early payment reminders, automated calls, field visits, legal workflows, and real-time AI auditing. It also has an AI-powered early warning system that predicts potential defaulters before they miss payments. Rezolv centralizes data, improves recovery rates, and helps lenders reduce collection costs.
Why is This Funding Significant?
The $3.5 million seed funding for Rezolv validates the growing demand for AI-driven debt resolution solutions. The investment, led by 3one4 Capital, highlights confidence in Rezolv’s ability to transform loan collections for banks and NBFCs. With rising loan defaults, lenders are seeking cost-effective, technology-driven alternatives to traditional collection methods.
This funding positions Rezolv as a key player in the industry, allowing it to compete with established platforms like Credgenics and Spocto. It also signals a broader shift in the financial sector toward AI-based automation to improve efficiency and compliance in debt recovery.
How Will the Funds Be Used?
The $3.5 million in seed funding will be used by Rezolv to accelerate its growth and enhance its platform. The funds will primarily be directed toward product innovation, with a focus on developing advanced AI-powered features, such as improving the Strategy Builder and enhancing real-time AI auditing tools.
This will help optimize debt collection processes for lenders.
Additionally, the funding will support expanding Rezolv’s integration with more financial institutions, allowing them to leverage the platform’s capabilities for more efficient loan recovery. The company will also use the funds to strengthen its technology and AI infrastructure, improve predictive analytics, and expand its team to support the growing demand for its services.
Founders’ Perspective
The founders of Rezolv, Karan Mehta and Sonali Jindal, bring valuable experience from their previous venture, Kissht, to the debt resolution platform.
Her focus is on simplifying the process for lenders by consolidating various tools into a unified platform. Their combined experience and insights drive Rezolv’s mission to enhance debt recovery with cutting-edge AI technology.
Key Takeaways
- AI-Powered Debt Resolution: Rezolv uses advanced AI and analytics to streamline the debt collection process for banks and non-banking financial companies (NBFCs). It aims to optimize everything from digital communication to legal workflows, making collections more efficient and cost-effective.
- Early Warning System: One of its standout features is the AI-powered early warning system that predicts potential defaulters before they miss a payment. This allows lenders to intervene early, reducing the risk of defaults.
- Unified Platform: Rezolv combines multiple tools—digital communication, field collections, legal workflows, and analytics—into a single, unified platform. This approach eliminates the need for lenders to juggle different systems, simplifying the recovery process.
- Focus on Automation: The platform automates workflows and uses AI to adapt in real-time, optimizing collection strategies based on borrower behavior. This reduces manual effort and improves recovery rates.
- Seed Funding for Growth: The recent $3.5 million seed funding will support product expansion, innovation, and deeper integration with financial institutions. It will help enhance AI-driven features and grow the team to meet increasing demand.
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Conclusion
Rezolv is poised for significant growth in the debt resolution sector, leveraging AI and advanced analytics to streamline collections for banks and NBFCs. With the recent $3.5 million seed funding, the company plans to enhance its platform’s capabilities, integrate more deeply with financial institutions, and expand its client base.
By focusing on automation, predictive analytics, and unified systems, Rezolv aims to set a new industry standard for debt recovery. As it continues to innovate and refine its offerings, the platform is well-positioned to lead the transformation of debt resolution, providing more efficient and cost-effective solutions for lenders.
Don’t Let Defaults Hold You Back – Predict, Act, and Recover with Rezolv!
