DPDzero, a fintech startup that helps lenders scale their collections via its repayments stack, has raised $3.25 million (Rs 27.05 crore) in a seed funding round co-led by Blume Ventures and IndiaQuotient. Angel investors Sunil Gulati and Nikhil Kumar also participated in the funding round.

The Bengaluru-based startup plans to use the freshly raised funds for product development, distribution, and hiring talent.

DPDzero | Collection Portfolio Management Platform for Lenders

Founded by Ananth Shroff and Ranjith Ramachandra in 2022, DPDzero offers a repayments stack that helps lenders scale their collections with zero effort. The startup facilitates financial institutions such as banks, fintechs, NBFCs, and MFIs to bring their capital back across all types of loan products.

Speaking about the development, Ananth Shroff, CEO and co-founder of DPDzero, said,

“Our journey is in its early stages, but our commitment to reshaping the financial landscape is unwavering. We know lending is hard, but collection is harder. We want to solve the hardest problem first.”

Launched with the vision of addressing the root cause of delayed repayments, the Bengaluru-based startup offers automation modules that enable lenders to analyze borrowers’ repayment behavior. The startup, through its repayments stack, also enables lenders to segment borrowers based on risk profile, allowing them to engage with borrowers across multiple channels to drive collections.

Statement from the Investor

Commenting on the development, Sajith Pai, Partner at Blume Ventures, said,

“At 55 per cent of GDP, India’s credit penetration is far below the global average of 148 per cent. With economic growth, credit is set to rise, further driven by initiatives like AA [account aggregator] and OCEN [Open Credit Enablement Network]. The startup has an exciting roadmap for improving the credit landscape, and we’re proud to support their journey.”

As per DPDzero, it has witnessed significant growth in revenue from its AI-powered collections and debt recovery platform. Additionally, the Bengaluru-based startup has partnered with non-banking financial companies like Tata Capital, Cashe, Lazypay, KreditBee, and Snapmint and drew interest from top private banks.

Recently, Roopya, a SaaS-based lending infrastructure platform that powers NBFCs / Banks / Fintechs to start loan origination and underwriting in less than 5 minutes, raised $611,828 in a pre-seed funding round to develop its technological infrastructure to cover more products and analytics layers.

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