Bengaluru-based fintech startup DPDzero has raised $7 million in a fresh funding round led by Japan-based GMO Venture Partners. The round also saw participation from SMBC Asia and existing investor Blume Ventures.
To date, DPDzero has raised a cumulative $4.7 million from early backers including Better Capital, Anmol Maini Ventures, and India Quotient.
Founded in 2022 by Ananth Shroff and Ranjith Ramchandra, DPDzero is redefining debt collection by combining AI-driven tech with a human-agent approach. The platform serves banks, NBFCs, MFIs, and fintech companies, counting RBL Bank, IndusInd Bank, L&T Finance, and Manappuram Finance among its clients.
The newly raised capital will be used to build an in-house field collection team, starting from Bengaluru, with future expansion plans in Maharashtra and Uttar Pradesh. This move is aimed at offering fully integrated and ethically managed debt collection services.
Currently, DPDzero processes collections for unsecured loans and is scaling operations into personal loans and credit card repayments. The company has already handled debt collections for over 1 crore borrowers and actively manages monthly collections for 18 lakh borrowers.
By: Arushi Agarwal
