Oolka Secures $7M Funding to Democratize Credit Access

Oolka has secured $7,000,000 in funding from investors. This capital injection marks a significant milestone for the Indian fintech company as it aims to expand its mission of democratising financial access. The investment will support Oolka's strategic growth initiatives in the rapidly evolving digital finance sector. Oolka operates as India’s first AI-powered credit management partner, designed to empower individuals in tracking, improving, and protecting their credit health. Its platform offers personalised AI insights, proactive alerts, and 24x7 access to an AI CIBIL Expert. Beyond simply displaying a credit score, Oolka guides users towards achieving an optimal score, assisting with tasks like decoding complex bank communications and anticipating credit risks before they affect a user's score. The platform's features include free, anytime credit score tracking, an AI Expert for financial queries and tasks, and consolidated management of loans and EMIs with NPCI/BBPS-secured payments. Oolka also incentivises healthy credit habits by offering rewards, aiming to make credit management smarter, safer, and more beneficial for its users across India, aligning with its mission to democratise financial access for every Indian. This newly secured capital of $7,000,000 will be strategically deployed to enhance Oolka's technological infrastructure, expand its market reach, and further develop its AI-driven credit management tools. The company plans to use the funds for growth initiatives, including product innovation and scaling its operations. This funding round is expected to accelerate Oolka's efforts to reach more users and solidify its position as a key player in India's digital credit ecosystem, fostering improved financial well-being nationwide.