Fintech startup GoodScore raises $13M in Series A round led by Peak XV

Bengaluru-based fintech startup GoodScore has raised $13 million in a Series A funding round led by Peak XV Partners, with participation from Stellaris Venture Partners and Saison Capital.

The company plans to use the new funding to strengthen its AI-driven advisory services, expand technology, product, and operations teams, and enhance its credit marketplace, improving connections between borrowers and lenders.

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Founded in 2023 by Sanchit Bansal, GoodScore enables users to track and manage credit health using AI-powered tools. The platform consolidates credit bureau data, bank transactions, and spending records, helping users monitor scores, manage payments and understand borrowing patterns. It also offers score improvement guidance and dispute support.

“We started GoodScore with the belief that managing credit shouldn’t be as stressful or confusing as it is today,” said Bansal. “We wish to change how Indians interact with credit by bringing every user’s credit life into one view, helping them understand their loans, track payments and make informed, data-driven financial decisions.”

“India has an active borrower base of over 250 million consumers. GoodScore is on a mission to empower them by putting them in charge of their credit health. They can track scores, take actionable steps to resolve bureau disputes and manage repayments seamlessly,” said Peak XV Partners managing director Ishaan Mittal.

Mayank Jain, Principal at Stellaris Venture Partners, said, “Having known Sanchit for over a decade, I have seen firsthand his deep customer-backwards orientation and product-first mindset. That conviction made it natural for us to back him from day zero.”

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Since launch, GoodScore reports millions of users across India and partners with HDFC Bank, KreditBee, and Tata Capital for credit services.

The company started monetizing in FY24, with operating revenue rising to ₹2.5 crore from nearly zero in FY23. However, losses widened sharply, increasing 7.7× to ₹7 crore in FY24.

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