Bengaluru-based fintech startup GoodScore has secured $13 million in Series A funding, led by Peak XV Partners, with additional backing from Stellaris Venture Partners and Saison Capital.
The newly raised capital will support the expansion of its AI infrastructure, the hiring of product and engineering talent, and the scaling of its credit marketplace that connects borrowers with lenders. GoodScore also plans to strengthen its presence across Tier II and Tier III cities in India.
Founded in 2023 by Sanchit Bansal, GoodScore enables users to track, manage, and improve their credit health through AI-driven insights. The platform integrates credit bureau data, banking transactions, and spending records to provide a comprehensive view of users’ financial profiles. It also offers personalized score improvement tips and credit dispute assistance.
Since its inception, the startup has reportedly attracted millions of users nationwide and collaborates with major financial partners, including HDFC Bank, KreditBee, and Tata Capital, to deliver credit-related solutions.
GoodScore started monetizing in FY24, with its operating revenue jumping to ₹2.5 crore from nearly nil in FY23. However, its losses also grew 7.7 times, reaching ₹7 crore during the same period.
