Riverline AI: Transforming Debt Recovery with Innovative Technology

Bengaluru-based fintech startup Riverline AI has successfully raised $825K in a pre-seed funding round, spearheaded by South Park Commons. Supporting investors include DeVC, gradCapital, and a number of angel investors from companies like Google, Meta, Tesla, M2P, and HyperVerge. The funding will be channelled into engineering, AI memory systems, multilingual support, and scaling the platform to manage over one lakh conversations daily, as it aims to create a modern banking experience.

About Riverline AI

Founded in 2024 by Ankit Sanghvi, Jayanth Krishnaprakash, and Abhishek Gupta, Riverline is focused on creating AI-driven debt counselling solutions. These AI debt counsellors engage with distressed borrowers, guiding them towards making better credit decisions. The objective is to fill the existing gaps in India’s debt recovery framework by providing scalable and patient support for borrowers, while simultaneously enhancing credit risk visibility for lenders.

Performance and Impact

In just seven months since its inception, Riverline’s AI agents are effectively managing collections on over Rs 100 crore worth of non-performing loans each month. The platform collaborates with technology-driven loan service providers, including CRED, Freo, Nira, and Propelld, showing how it is contributing to the evolution of debt recovery in India.

Investment and Future Plans

South Park Commons is an early-stage tech community and venture firm that has now ventured into the Indian market. They are in the process of establishing an India-focused fund of approximately $40 million, indicating a stronger dedication to nurturing startups within the region.