Fintech startup GoodScore has raised $13 million (approx. ₹108 crore) in its Series A funding round led by Peak XV Partners, with participation from Stellaris Venture Partners and Saison Capital.
The capital infusion will accelerate the company’s AI expansion, product development, and talent acquisition, while also strengthening its credit marketplace, which bridges borrowers with lenders. A key part of the company’s roadmap includes growing its footprint in India’s tier II and tier III cities, where digital credit adoption is rapidly increasing.
Founded in 2023 by Sanchit Bansal, GoodScore provides a comprehensive credit health management platform that integrates credit bureau data, banking transactions, and spending analytics to help users monitor and improve their financial profiles. The app also offers AI-driven credit insights, score improvement tips, and dispute resolution support, empowering users to make more informed borrowing decisions.
Since its launch, the platform has reportedly onboarded millions of users across India and established partnerships with major financial institutions such as HDFC Bank, KreditBee, and Tata Capital.
GoodScore began monetizing its services in FY24, generating ₹2.5 crore in operating revenue, up from negligible income in FY23. However, the company’s losses rose 7.7 times during the same period to ₹7 crore, reflecting its ongoing investment in technology and customer acquisition.
With the latest funding, GoodScore aims to deepen its AI-driven underwriting and risk intelligence systems, enhance user personalization, and strengthen its marketplace integrations—positioning itself as one of the leading players in India’s evolving credit intelligence and financial wellness ecosystem.
By: Arushi Agarwal
