Kissht Co-Founders' AI Lending Startup Rezolv Raises $12.5M Series A Led by Norwest

Rezolv, a Mumbai based lending technology platform built around artificial intelligence, has raised 12.5 million dollars in a Series A funding round led by Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.

The company was founded in 2024 by Karan Mehta and Sonali Jindal, who previously spent nine years building digital lending platform Kissht, where Mehta served as chief technology officer and Jindal as chief operating officer before both stepped down from their operational roles in September 2024 to start Rezolv. That background in lending operations shaped the company's core focus from the outset, with Rezolv built specifically to help banks and non banking financial companies, commonly known as NBFCs, manage debt collection more efficiently by combining a comprehensive collections platform with AI tools purpose built for the lending lifecycle.

The new funding lands just months after Rezolv closed a 3.5 million dollar seed round in March 2025 led by 3one4 Capital, and the jump between rounds has been steep. The Series A values Rezolv at roughly 51.2 million dollars, close to four times the 12.8 million dollar post money valuation the company carried after its seed round, a pace of revaluation that reflects both the speed of Rezolv's early customer acquisition and broader investor appetite for AI driven credit infrastructure in the Indian market.

Since launching, Rezolv has moved quickly to build out its customer base. The company has signed partnerships with more than 22 banks and NBFCs, including AU Small Finance Bank, ICICI Bank, Poonawalla Fincorp, Bajaj Auto Credit, Five‑Star Business Finance, Muthoot Capital, and Northern Arc. Its platform now handles a substantial volume of activity for these partners, processing roughly 6.5 million minutes of borrower conversations every month across more than 12 million loan accounts, figures that suggest the company has moved well past early pilot deployments into meaningful production use among its lending partners.

Rezolv's product covers the debt collection process end to end, spanning early stage reminders through to legal recovery, giving lenders a single platform to manage the full arc of a delinquent account rather than stitching together multiple point solutions. The company describes its broader ambition as building what it calls an AI native operating system for lenders, extending beyond collections into other parts of the lending lifecycle over time.

Founder Sonali Jindal framed the company's positioning around a shift she sees taking place across the industry, arguing that AI adoption itself is no longer the primary hurdle facing financial institutions since nearly every organization is already implementing some form of it. The harder problem, in her view, is metricization, or being able to clearly quantify the business impact that AI is actually delivering. Rezolv's pitch to lenders centers on solving that measurement problem specifically for debt collections, combining its platform with AI and intelligence tools designed to produce measurable outcomes across recovery rates, cost, productivity, and workforce optimization rather than offering AI capability as a vague, unquantified add‑on.

Vertex Ventures Southeast Asia and India, an early stage investor whose portfolio includes Grab, FirstCry, and Kissht itself, pointed to the scale of documentation and compliance related work still burdening financial institutions as a key reason for its investment. The firm's managing partner Ben Mathias said Rezolv's technology reduces manual work for lenders while delivering faster, more predictable collections outcomes, a framing that aligns closely with the operational efficiency pitch Rezolv has built its business around.

With the fresh capital, Rezolv plans to strengthen its AI capabilities across a wider set of lending functions beyond collections alone, including sales, risk assessment, and underwriting, while also working to accelerate its push toward full end to end automation of lending workflows. The company has also signaled ambitions to expand into markets outside India as it builds toward what it describes as a category defining AI platform for lending on a more global scale.

Mehta noted that Rezolv reached an annualized revenue run rate of approximately 300 million rupees by March, marking the end of its first full year of operations, a figure that gives early validation to the company's approach even as it works to expand both its product surface area and geographic footprint. The round adds Rezolv to a growing list of India based fintech startups applying AI specifically to the lending and credit infrastructure layer, a category that has drawn increasing investor attention as banks and NBFCs look for ways to modernize collections and underwriting processes that have historically remained heavily manual despite the broader digitization of Indian financial services.