Rezolv Raises $12.5M to Scale Embedded Credit and Merchant Underwriting Infrastructure

Fintech startup Rezolv, founded by former Kissht cofounders, has raised $12.5M to expand its digital credit infrastructure and AI-driven underwriting suite for Indian MSMEs.

Mumbai-based digital credit infrastructure and lending-tech startup Rezolv has secured $12.5 million in a Series A equity funding round led by prominent domestic and global venture capital firms. Founded by former co-founders and core leadership team members of Kissht (now Ring), Rezolv is building a next-generation embedded credit platform designed to deliver friction-free working capital and automated risk underwriting to micro, small, and medium enterprises (MSMEs) across Bharat.

The investment highlights sustained venture capital conviction in specialized digital lending infrastructure that leverages the India Stack, Account Aggregator (AA) rails, and Open Credit Enablement Network (OCEN).

Solving the MSME Credit Deficit with Algorithmic Underwriting

India is home to over 63 million MSMEs, yet more than 80% face severe formal credit deficits due to inadequate collateral, fragmented financial reporting, and complex manual bank underwriting.

Rezolv addresses this gap by offering API-first embedded lending infrastructure that integrates directly into merchant POS software, B2B supply chain marketplaces, and digital invoicing platforms. By analyzing real-time cash flow signals, GST invoices, and banking telemetry, Rezolv approves and disburses short-term working capital in under three minutes.

| Strategic Dimension | Legacy Merchant Lending | Rezolv Digital Credit Architecture | | :--- | :--- | :--- | | Underwriting Basis | Collateral & Past Tax Returns (3 years) | Real-Time Cash Flow, GST & Banking Telemetry via AA | | Turnaround Time (TAT) | 7 to 15 business days | Instant algorithmic approval (< 180 seconds) | | Repayment Flexibility | Fixed monthly EMIs | Dynamic daily/weekly deductions synced with sales | | Default Rate (NPA) | 4.5%–7.0% in unsecured credit | Sub-1.8% backed by automated risk surveillance | | Distribution Model | DSA (Direct Selling Agent) field agents | 100% Embedded SDKs & B2B Partner APIs |

Proven Founding Pedigree and Market Validation

Having previously built and scaled Kissht into one of India's leading consumer credit and merchant payment powerhouses, Rezolv's founding team brings deep regulatory know-how, lending risk models, and institutional NBFC relationships to the table.

The future of merchant credit in India is not standalone lending apps, but invisible, contextual credit embedded directly at the point of commerce,

said a partner at the lead VC firm backing Rezolv. "Rezolv's team has an unmatched track record of scaling profitable loan books with exceptional risk discipline."

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Capital Allocation and Roadmap

The $12.5 million funding proceeds will be utilized across three priority areas:

1. Scaling NBFC Debt Partnerships: Expanding co-lending partnerships with top private banks and non-banking financial companies to power a target loan book of ₹1,500 crore over the next 18 months. 2. AI Risk Engines: Upgrading machine learning models for fraud detection, GST reconciliation, and dynamic credit limit assignment. 3. B2B Supply Chain Integrations: Deepening embedded finance integrations with major FMCG, pharma, and agricultural distribution networks across Tier-2 and Tier-3 cities.

The Broader Fintech Landscape

Rezolv's funding arrives amid a resilient macroeconomic funding environment, where Indian startups have secured $13.5 billion across 1,260+ deals in 2026.

As industrial manufacturing and supply chain collaborations surge—exemplified by Voltas and Atomberg's 50:50 manufacturing venture—embedded credit providers like Rezolv will play a pivotal role in financing India's commercial growth.