Debt Resolution Platform 'Rezolv' raises $3.5 million Seed Fund
3one4 Capital is leading a $3.5 million seed fundraising round for Rezolv, a debt settlement platform for banks and non-banking financial institutions (NBFCs).
Rezolv, which was co-founded in October 2024 by Karan Mehta and Sonali Jindal (who were also co-founders of Kissht, a digital lending startup), tackles the problem of debt recovery by combining advanced analytics, artificial intelligence, and general artificial intelligence to maximize every facet of the collection period. It is purely an analytics and software platform.
In order for lenders to create more effective collection systems that adhere to their regulations, Rezolv claims that it seeks to streamline every step of the debt collection process, including digital communication, early reminders, interactive voice response calls, field visits, legal procedures, and analytics.
In order to identify possible infractions of lender policies, Rezolv claims that their real-time AI auditing of consumer interactions with agents or the system is examined live. The platform eliminates the headaches for lenders who manage several systems for client service, legal proceedings, and collections. Most significantly, the firm consolidates everything under one roof by using AI-driven data analytics of consumer behavior, patterns, and interactions to improve the recovery process.
One of Rezolv's key features, according to the company, is an AI-powered early warning score that assists lenders in spotting possible defaulters before they miss a payment. By using AI to categorize borrowers according to their behavior and payment intent and to identify those who are at risk before it really occurs, it maximizes recovery tactics while lowering expenses.
By using the platform to identify high-risk clients early on, lenders can use gentler interventions like tailored reminders, restructured payment plans, or different repayment options before resorting to more forceful collection tactics. Its main offering, Strategy Builder, enables lenders to create and automate processes, with AI-powered optimizations enhancing results in as little as one to three months.
By providing a comprehensive platform that combines digital communication, field collecting, legal workflows, and analytics, Rezolv hopes to establish itself as the industry standard. It will face competition from other prominent firms in this market, including Creditas, Spocto, and Credgenics.
Rezolv, which was co-founded in October 2024 by Karan Mehta and Sonali Jindal (who were also co-founders of Kissht, a digital lending startup), tackles the problem of debt recovery by combining advanced analytics, artificial intelligence, and general artificial intelligence to maximize every facet of the collection period. It is purely an analytics and software platform.
In order for lenders to create more effective collection systems that adhere to their regulations, Rezolv claims that it seeks to streamline every step of the debt collection process, including digital communication, early reminders, interactive voice response calls, field visits, legal procedures, and analytics.
In order to identify possible infractions of lender policies, Rezolv claims that their real-time AI auditing of consumer interactions with agents or the system is examined live. The platform eliminates the headaches for lenders who manage several systems for client service, legal proceedings, and collections. Most significantly, the firm consolidates everything under one roof by using AI-driven data analytics of consumer behavior, patterns, and interactions to improve the recovery process.
One of Rezolv's key features, according to the company, is an AI-powered early warning score that assists lenders in spotting possible defaulters before they miss a payment. By using AI to categorize borrowers according to their behavior and payment intent and to identify those who are at risk before it really occurs, it maximizes recovery tactics while lowering expenses.
By using the platform to identify high-risk clients early on, lenders can use gentler interventions like tailored reminders, restructured payment plans, or different repayment options before resorting to more forceful collection tactics. Its main offering, Strategy Builder, enables lenders to create and automate processes, with AI-powered optimizations enhancing results in as little as one to three months.
By providing a comprehensive platform that combines digital communication, field collecting, legal workflows, and analytics, Rezolv hopes to establish itself as the industry standard. It will face competition from other prominent firms in this market, including Creditas, Spocto, and Credgenics.
