Oolka, an AI-powered credit management platform, has secured $12.0 million in a recent funding round. The company is dedicated to democratising financial access for every Indian through its innovative technology.
As Indiaโs first AI-powered credit management partner, Oolka helps individuals track, improve, and protect their credit health with confidence. Its platform provides personalised AI insights, proactive alerts, and 24x7 access to an AI CIBIL Expert. Oolka goes beyond merely displaying a credit score, guiding users step-by-step towards an improved credit standing by decoding complex financial information and predicting potential risks. Users can also track their credit score for free, manage loans and EMIs securely, and earn rewards for cultivating healthy credit habits.
This $12.0 million capital infusion represents a significant step for Oolka, reinforcing its mission to expand financial access across the country. The funds are designated to accelerate the company's growth initiatives, including scaling its user base and strengthening its technological infrastructure. Oolka plans to further develop its AI capabilities, introduce new features, and broaden its market penetration to serve a greater number of individuals seeking to enhance their financial well-being.
The investment highlights the increasing need for accessible and intelligent financial tools within the Indian market. Oolka's strategic focus on making credit management smarter, safer, and more rewarding aligns with its overarching vision of fostering improved financial health for all. The company is positioned to continue its expansion, driving financial inclusion through its innovative AI-driven solutions.
