Team StartupCity

• Riverline AI secures $825,000 in pre-seed funding led by South Park Commons
• Startup builds AI debt-counsellors for borrowers and lenders
• Funds will support engineering, AI systems, multilingual features, and platform scale-up

Bengaluru-based fintech startup Riverline AI has raised $825,000 in a pre-seed funding round led by South Park Commons, with participation from DeVC, gradCapital, and several angel investors from Google, Meta, Tesla, M2P, and HyperVerge. The company plans to use the funds to strengthen its engineering capabilities, enhance its AI memory systems, expand multilingual support, and scale its platform to handle over 100,000 conversations per day.

Founded in 2024 by Ankit Sanghvi, Jayanth Krishnaprakash, and Abhishek Gupta, Riverline AI builds AI-powered debt counsellors designed to help distressed borrowers make better financial decisions. By creating a scalable and patient-focused counselling layer, the platform aims to fill critical gaps in India’s debt-recovery ecosystem. It also provides lenders with improved visibility into credit risk, enabling more informed and responsible lending outcomes.

In just seven months since launch, Riverline’s AI agents have been managing collections across more than Rs 100 crore worth of bad loans every month. The company currently works with several technology-driven loan service providers, including CRED, Freo, Nira, and Propelld, helping them improve borrower engagement and recovery efficiency.

Also Read: Accel & Google Team Up to Fund India's Next Wave of AI Startups

Lead investor South Park Commons, an early-stage technology community and venture organization, has recently expanded into the Indian market and is raising an India-focused fund of about $40 million. Its investment in Riverline underscores its commitment to supporting high-impact startups in the region and strengthening India’s growing fintech landscape.