Oolka
Category: AI in Fintech
An agentic AI-powered credit management platform designed to help Indian consumers improve their credit scores and financial health. Oolka was founded in 2024. The company is led by Utkrishta Kumar. Based in Bengaluru, India. Team size: 11-50. Total funding raised: $21 million. Latest round: Seed, $7.0M, 2025-09, led by Lightspeed India Partners, Z47. Key investors include Accel, Lightspeed India Partners, Z47, 8i Ventures.
- Founded
- 2024
- Headquarters
- Bengaluru, India
- Team size
- 11-50
- Total funding
- $21 million
Value proposition
To democratize access to better and more affordable credit by providing personalized, actionable insights and AI-powered assistance to improve financial wellness.
Products and solutions
AI Credit Score LevelUp App
Unique value
Oolka utilizes an 'agentic AI' model, where AI agents can actively negotiate with lenders on behalf of users to reduce interest rates and provide personalized financial guidance, going beyond a simple credit monitoring dashboard.
Target customer
Indian consumers, especially those who are underserved, new-to-credit, or looking to better understand and manage their credit scores and loan repayments.
Industries served
Fintech, Financial Services
Technology advantage
The core advantage is its multi-agent AI platform that leverages various Large Language Models (LLMs) like Gemini, ChatGPT, and Claude to offer personalized financial guidance, automated actions (like negotiation), and a comprehensive credit management solution.
How they differentiate
Oolka differentiates itself through its agentic AI credit platform, which provides personalized credit solutions and aims to improve financial health and expand access to affordable credit. The AI is designed to negotiate with lenders on behalf of users to reduce interest rates.
Main competitors
Paisabazaar, BankBazaar, CRED
Key partnerships
Lightspeed India Partners, Z47, 8i Ventures, Partnerships with various leading NBFCs and banks
Notable customers
IDFC FIRST Bank, DMI Finance, L&T Finance, DSP Finance, InCred
Major milestones
Raised $7 million in seed funding (Sep 2025)., Raised $14 million in Series A led by Accel (Apr 2026)., Crossed $2.5 million in ARR., Surpassed 6 million registered users., Processed over ₹100 crores in credit repayments.
Growth metrics
Crossed $2.5 million in ARR with over 6 million registered users. Processed over ₹100 crores in repayments.
Market positioning
Oolka is positioning itself as an AI-native platform for credit management and improvement, targeting Indian consumers to enhance financial inclusion.
Geographic focus
India
Patents and IP
Not publicly available.
About Utkrishta Kumar
Over 15 years of experience in business strategy, P&L management, and product management. Formerly the Chief Business Officer at Meesho, with previous roles at Hopscotch.in and Bank of America Merrill Lynch.
Official website: https://oolka.in