GoodScore, a rising fintech startup dedicated to improving credit scores and financial awareness among consumers, announced today that it has raised $13 million in a Series A funding round. The round was led by Peak XV, a prominent venture capital firm, and saw participation from several other investors.
Founded in 2021, GoodScore provides an easy-to-use platform that helps users monitor their credit scores, understand factors affecting them, and receive personalised advice to improve financial health. The startup has seen significant growth in users over the past two years, especially among millennials and Gen Z, who are keen to manage their finances better.
The newly raised funds will help GoodScore enhance its AI-powered credit analysis tools, expand its team, and strengthen marketing efforts to reach a wider audience. The company also plans to introduce new features that offer more personalised financial insights and services.
“Peak XV’s support will allow us to accelerate our mission of making credit management simple and accessible for everyone,” said Rohit Sharma, CEO of GoodScore. “This funding is not just capital; it’s a vote of confidence in our vision to transform personal finance in India and beyond.”
The fintech sector in India has been rapidly evolving, with consumers increasingly seeking digital solutions for managing their credit. GoodScore aims to capitalise on this trend, positioning itself as a key player in the market.
Summary Table
| Company | GoodScore |
|---|---|
| Funding Round | Series A |
| Amount Raised | $13 Million |
| Lead Investor | Peak XV |
| Other Investors | Undisclosed existing and new investors |
| Founded | 2021 |
| Industry | Fintech / Personal Finance |
| Use of Funds | Technology expansion, team growth, marketing, product enhancement |
| CEO | Rohit Sharma |
| Target Audience | Millennials & Gen Z |
| Location | India |
