Bengaluru-based fintech startup GoodScore has secured $13 million (approximately ₹115 crore) in its Series A funding round, led by Peak XV Partners. Existing backers Stellaris Venture Partners and Saison Capital also participated in the round.
According to founder Sanchit Bansal, around 60% of the total funding was contributed by Peak XV Partners. The capital will be used to scale operations, deepen AI-powered credit advisory services, and enhance the startup’s credit marketplace, which connects borrowers and lenders across India.
Revolutionizing Credit Health in India
Launched in 2023, GoodScore is on a mission to empower individuals to manage and improve their credit health. The startup offers a comprehensive credit score management app, providing users with AI-driven insights to monitor, understand, and enhance their credit scores.
GoodScore’s mobile platform goes beyond just displaying credit scores. It includes:
- Personalised credit improvement tips based on AI algorithms
- Automated reminders for EMIs and credit card payments
- Spending trackers and budgeting tools
- Access to credit experts for real-time guidance
- Financial education modules to help users build better habits
This user-first approach aims to fill a critical gap in India’s financial ecosystem by making credit literacy and financial health tools more accessible to the masses.
Strengthening the AI-Led Credit Marketplace
One of the standout features of GoodScore is its AI-powered credit marketplace, which intelligently connects borrowers with the most suitable lenders based on their profiles and credit behavior. This not only helps users access the right credit products but also aids lenders in finding verified, pre-screened borrowers.
With the fresh funds, the startup plans to invest heavily in AI and machine learning capabilities to enhance matchmaking algorithms, improve user recommendations, and boost loan approval rates. The company also aims to expand its team across technology, product, and customer support functions to meet growing demand.
Investor Confidence in the Fintech Vision
The backing from Peak XV Partners—formerly Sequoia India & Southeast Asia—underscores the strong investor belief in GoodScore’s scalable fintech model. The participation of seasoned venture firms like Stellaris Venture Partners and Saison Capital further validates the startup’s potential to lead in the credit advisory and personal finance management space.
India’s fintech ecosystem is rapidly evolving, with digital lending and credit analytics gaining significant momentum. As more individuals gain access to credit, platforms like GoodScore are playing a pivotal role in ensuring they build healthy credit profiles and make informed financial decisions.
Looking Ahead
GoodScore’s latest funding round marks a major milestone in its journey. With a robust AI engine, growing user base, and strategic investor support, the startup is poised to become a key player in India’s personal finance and credit management landscape.
By making credit health transparent, personalized, and proactive, GoodScore is not just helping users get loans — it’s helping them build a financially strong future.
