Riverline AI raises $825K in pre-seed round led by South Park Commons

The company will deploy the capital toward engineering, AI memory systems, multilingual support and scaling its platform to handle more than one lakh conversations a day as it works toward building a new-age bank.

25 Nov 2025 12:28 IST

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Bengaluru-based fintech startup Riverline AI has raised $825K in a pre-seed funding round led by South Park Commons, with participation from DeVC, gradCapital and several angel investors from Google, Meta, Tesla, M2P and HyperVerge.

The company will deploy the capital toward engineering, AI memory systems, multilingual support and scaling its platform to handle more than one lakh conversations a day as it works toward building a new-age bank.

Founded in 2024 by Ankit Sanghvi, Jayanth Krishnaprakash and Abhishek Gupta, Riverline develops AI debt-counsellors that interact with distressed borrowers and guide them toward more creditworthy decisions. The system aims to address gaps in India’s debt-recovery ecosystem by offering a scalable and patient counselling layer for borrowers while improving credit-risk visibility for lenders.

Within seven months of launch, Riverline’s AI agents manage collections across over Rs 100 crore worth of bad loans every month. The platform works with tech-led loan service providers such as CRED, Freo, Nira and Propelld.

South Park Commons is an early-stage technology community and venture organisation which has expanded into the Indian market. The group is raising an India-focused fund of approximately $40 million, marking its deeper commitment to supporting startups in the region.

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