Bengaluru-based fintech startup GoodScore has secured $13 million in Series A funding led by Peak XV Partners, with continued backing from Stellaris Venture Partners and Saison Capital. Founded in 2023 by Sanchit Bansal, the AI-driven platform helps consumers improve and manage their credit health through personalized insights, data analytics, and expert advisory. The fresh infusion of capital will accelerate GoodScore’s growth trajectory as it expands its reach across India’s rapidly evolving credit ecosystem.
Since its inception, GoodScore has seen rapid adoption among millions of users, especially in Tier-2 and Tier-3 cities, underscoring the growing awareness of credit health management in emerging markets. The platform integrates credit bureau data, transactional insights, and behavioral patterns to offer real-time credit monitoring, customized score-improvement recommendations, and repayment tracking tools—helping users make more informed financial decisions.
Announcing the funding, Sanchit Bansal, founder of GoodScore, said, “Our goal is to make responsible credit management a mainstream habit for millions of Indians.” He added that the raised capital will be used to strengthen AI-led advisory capabilities, enhance technology and product development, expand operational teams, and scale its credit marketplace, which connects borrowers with lenders across India.
Ishaan Mittal, Managing Director at Peak XV Partners, emphasized the platform’s transformative potential, stating, “India has an active borrower base of over 250 million consumers. GoodScore is on a mission to empower them by putting them in charge of their credit health.”
Mayank Jain, Principal at Stellaris Venture Partners, noted that GoodScore’s strong user engagement reflects the increasing importance of credit awareness and financial responsibility in India. He pointed out that the trend has been further accelerated by the Covid-19 pandemic, which heightened consumer focus on financial planning and credit discipline.
With this funding round, GoodScore aims to position itself as a leading AI-powered financial wellness platform, bridging the gap between consumers and credit institutions. By combining technology, data intelligence, and personalized advisory, the company is shaping a new era of responsible borrowing and financial empowerment for India’s expanding credit-active population.
