Finlytics AI, the Bengaluru-based credit analytics startup founded by Aarav Mehta, has raised ?34 crore in seed funding led by Venture Bharat Capital with participation from angel operators.
The startup, which met its lead investor through the Digital Startup India registry, plans to use the capital to deepen its underwriting models for thin-file borrowers and expand from 400 to 1,000 NBFC partners.
"Bharat's next 200 million borrowers won't have bureau history — they'll have data exhaust. We underwrite that," said Mehta.