India, Aug. 18 -- AI-powered lending tech startup Rezolv has raised $12.5 Mn (about Rs.115 Cr) in a Series A funding round led by Norwest. Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital also participated in the round.

The Mumbai-based startup plans to deploy the fresh capital to strengthen its AI capabilities across the lending lifecycle, including sales, risk assessment, underwriting and collections.

"At Rezolv, we are transforming debt collections by combining AI, intelligence and a comprehensive platform to improve recovery rates, reduce costs and boost productivity. This investment will help us bolster these capabilities and further strengthen our proposition for the lending ecosystem," cofounder Sonali...