Finarkein, a fintech startup specializing in Open Finance, Data Intelligence and AI infrastructure, has raised $1.5 million in its pre-Series A funding round led by DSP Group Family Office with participation from existing investors, including Capital 2B.
The round saw primary and secondary investments.
While a significant amount of the raise was deployed on secondaries, the company plans to allocate funds towards enhancing its Data & FinAI Platform, expanding the team, and exploring emerging data and AI opportunities within its existing customer base. This investment will also support Finarkein’s ongoing commitment to innovation, privacy and customer satisfaction.
Founded in 2019 by Nikhil Shrirang Kurhe and Dheeraj Kumar, Finarkein helps BFSI companies build intelligent, data-driven solutions across data aggregation, AI/ML-powered analytics, and financial services distribution, leveraging Account Aggregator (AA), ONDC, and OCEN.
Nikhil Kurhe, CEO of Finarkein, said, “Our platform continues to be a market leader in the Account Aggregator space, offering best-in-class experience combined with privacy-preserving technologies, which is vital in the data space. Patient capital allows us to further invest in data privacy, security and compliance as Finarkeinʼs data products further power Indiaʼs financial markets. DSP is a premier Asset Manager and has a track record of investing into and incubating Fintech businesses, and we are glad to have them onboard team Finarkein.”
Aditi Kothari Desai, Chairperson, DSP, said, “Finarkein is building the foundation rails for ease of adoption of open banking and open finance. Their commitment to innovation and execution aligns perfectly with DSPʼs belief in long-term, high-impact growth. Weʼve seen how Finarkein can unlock immense value across the financial ecosystem, and weʼre excited to support their next stage of growth.”
Kunal Bajaj, who takes up a Board Observer position with Finarkein, said, “Financial products are increasingly becoming data-driven, and the fintech infrastructure ecosystem continues to grow multifold. Finarkein has been a clear category creator Indiaʼs open finance story. We are excited to see Indian data infrastructure companies build from India for the world, and Finarkeinʼs platform continues to set the standard for the ecosystem.”
