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Bengaluru-based financial recovery platform Credfix has raised ₹16.1 crore in a seed funding round led by Tanglin Venture Partners, with participation from Stargazer.
Credfix said it will use the funding to strengthen its artificial intelligence capabilities, develop its products and expand its borrower support network across India.
The company had previously raised ₹4.5 crore from K2 Capital, Invstt Trust and angel investors.
Founded in 2025 by Ranjan Agarwal, Neeraj Kulkarni and Ayush Kedia, Credfix provides technology-based tools for borrowers facing repayment difficulties. According to the company said its platform currently serves more than 2 lakh borrowers with aggregate outstanding debt of over ₹4,000 crore. About 40% of its users are from Tier 2 and Tier 3 cities, according to the company.
Credfix’s platform provides tools to help borrowers understand their debt, assess repayment options and manage interactions with lenders and recovery agencies. Its AI-based products include Risi, a financial assistant that provides debt-related guidance; Neytra, which helps manage recovery- related calls and generates call summaries; and an AI legal assistant that helps users understand legal notices and prepare draft responses for review.
The company said its platform supports borrowers through different stages of repayment difficulties, including debt resolution and financial rehabilitation.
Ranjan Agarwal, co-founder of Credfix, said the company is using AI to simplify debt-related processes and help borrowers better understand their options.
Shashank Sabesan, principal at Tanglin Venture Partners, said Credfix is addressing a gap in financial services by providing support to borrowers facing repayment challenges.
Neeraj Kulkarni, co-founder of Credfix, said the platform aims to bring interactions involving lenders, recovery agencies and legal processes together through a single technology platform.
Credfix said it will use the funding to strengthen its artificial intelligence capabilities, develop its products and expand its borrower support network across India.
The company had previously raised ₹4.5 crore from K2 Capital, Invstt Trust and angel investors.
Founded in 2025 by Ranjan Agarwal, Neeraj Kulkarni and Ayush Kedia, Credfix provides technology-based tools for borrowers facing repayment difficulties. According to the company said its platform currently serves more than 2 lakh borrowers with aggregate outstanding debt of over ₹4,000 crore. About 40% of its users are from Tier 2 and Tier 3 cities, according to the company.
Credfix’s platform provides tools to help borrowers understand their debt, assess repayment options and manage interactions with lenders and recovery agencies. Its AI-based products include Risi, a financial assistant that provides debt-related guidance; Neytra, which helps manage recovery- related calls and generates call summaries; and an AI legal assistant that helps users understand legal notices and prepare draft responses for review.
The company said its platform supports borrowers through different stages of repayment difficulties, including debt resolution and financial rehabilitation.
Ranjan Agarwal, co-founder of Credfix, said the company is using AI to simplify debt-related processes and help borrowers better understand their options.
Shashank Sabesan, principal at Tanglin Venture Partners, said Credfix is addressing a gap in financial services by providing support to borrowers facing repayment challenges.
Neeraj Kulkarni, co-founder of Credfix, said the platform aims to bring interactions involving lenders, recovery agencies and legal processes together through a single technology platform.
