GoodScore Raises $13 Mn To Offer Credit Score Management

SUMMARY

The startup plans to use the capital to deepen its AI-led advisory offerings, expand its team, and further enhance its credit marketplace

Founder Sanchit Bansal told Inc42 that around 60% of the total infusion came from Peak XV

Founded in 2023 by Bansal, GoodScore provides a credit score management app that claims to help users monitor and improve their credit health through personalised, AI-driven insights

Bengaluru-based fintech platform GoodScore has bagged $13 Mn (about INR 115 Cr) in its Series A funding round led by Peak XV Partners, with participation from existing investors Stellaris Venture Partners and Saison Capital.

Founder Sanchit Bansal told Inc42 that around 60% of the total infusion came from Peak XV. The startup plans to use the capital to deepen its AI-led advisory offerings, expand its team, and further enhance its credit marketplace, connecting borrowers and lenders across India.

Founded in 2023 by Bansal, GoodScore provides a credit score management app that claims to help users monitor and improve their credit health through personalised, AI-driven insights. The platform also offers AI-led educational content, tools to spend tracking, and access to experts. It sends reminders for EMIs and credit card payment deadlines.

The startup claims to have over 5 Mn active users and charges a subscription fee of INR 99. Without disclosing exact figures, Bansal said that the platform has subscribers “in millions”.

GoodScore also offers a credit marketplace, for which it has partnered with leading banks and NBFCs, such as Axis Bank, HDFC Bank, Kotak Mahindra Bank, IndusInd Bank, KreditBee, Tata Capital, among others, to help users repay defaulted loans and access better credit opportunities.

Prior to this funding round, the startup had raised a total funding of $2.7 Mn. GoodScore competes with the likes of Oolka, CRED, OneScore, CreditSeva, among others.

The funding comes at a time when a number of new fintech startups have emerged that are using AI to provide various services.

Last month, former Meesho executive Utkrishta Kumar’s startup Oolka raised $7 Mn from Lightspeed India, Z47, among others, to help users track their credit scores and suggest personalised solutions. OnFinance and FinBox are among the other such fintech startups which raised funding in September. As a result, homegrown fintech startups have mopped up more than $281 Mn in the Q3 FY25 across 20 deals.