Fintech startup DPDzero has raised $7 million in a funding round led by Japan-based GMO Venture Partners.
The round also saw participation from SMBC Asia and returning investor Blume Ventures, bringing the company’s total funding to date to $11.7 million.
The Bengaluru-based company plans to utilise the fresh capital to build its own field collection agent network, beginning in Bengaluru and expanding to Maharashtra and Uttar Pradesh. This move aims to enable end-to-end, ethical debt collection services powered by a hybrid model of technology and human intervention.
Founded in 2022 by Ananth Shroff and Ranjith Ramchandra, DPDzero focuses on helping banks, NBFCs, MFIs, and fintechs streamline their debt collections using a combination of AI and on-ground agents.
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The company currently serves major financial institutions including RBL Bank, IndusInd Bank, L&T Finance, and Manappuram Finance. It has managed collections for over 1 crore borrowers to date and currently works with 18 lakh active borrowers monthly.
Initially targeting unsecured borrowings and personal loans, DPDzero now plans to expand into credit card collections.
