Bengaluru-based fintech Riverline AI has announced the close of an $825,000 pre-seed funding round, led by South Park Commons.
The round also saw participation from DeVC, gradCapital, and several angel investors hailing from companies like Google, Meta, Tesla, M2P, and HyperVerge.
Capital Deployment and Mission
Founded in 2024 by Ankit Sanghvi, Jayanth Krishnaprakash, and Abhishek Gupta, Riverline AI is focused on developing AI debt-counselors. These systems interact with distressed borrowers to guide them toward improved creditworthiness.
The company aims to tackle inefficiencies in India’s debt-recovery ecosystem by providing a scalable and patient counseling layer for borrowers while simultaneously boosting credit-risk visibility for lenders.
Riverline AI plans to use the fresh capital to:
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Strengthen engineering capabilities.
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Develop advanced AI memory systems.
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Implement multilingual support.
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Scale its platform to handle over one lakh conversations a day as it works toward its goal of building a “new-age bank.”
Rapid Growth and Partnerships
In just seven months since its launch, Riverline’s AI agents are managing collections for over ₹100 crore worth of bad loans every month. The platform currently collaborates with several leading tech-led loan service providers, including CRED, Freo, Nira, and Propelld.
Lead investor South Park Commons, an early-stage technology community, is expanding its presence in the Indian market and is reportedly raising an India-focused fund of approximately $40 million.
By: Sandhya Bharti
