Exclusive: Peak XV to lead new round in GoodScore parent

This article discusses Arthvit 1809 Tech, the parent company of Rupicard and GoodScore, which is set to raise $15-20 million in a fresh funding round led by Peak XV, with participation from existing investor Stellaris. GoodScore, founded in 2022, assists users in improving their credit scores by providing monthly tracking, detailed reports, and expert guidance. Its core product, Rupicard, offers a secured credit card linked to a fixed deposit, enabling users to build or improve their credit scores. Peak XV is already an investor in OneCard, which operates OneScore, a similar app to GoodScore. Arthvit 1809 Tech began monetizing its operations in FY24, with operating revenue surging to Rs 2.5 crore. However, the firm's losses also expanded significantly, increasing 7.7 times to Rs 7 crore in FY24.