Fundamento, an agentic AI platform that builds automation solutions for financial institutions, has raised $1.9 million (₹16 crore) in its pre-Series A funding round led by IIFL Fintech Fund.
The round also saw participation from The Players Fund (backed by KL Rahul and Ben Stokes), Venture Catalysts, Lead Invest, Epic Angels, and other angel investors.
The funds raised will be used to expand its product suite, enhance its agentic AI build and data capabilities, and scale globally. Another area of focus will be to scale multi-agent orchestration, delivering intelligent voice and cross-channel engagement, enabling seamless communication throughout a customer’s lifecycle.
Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento is an agentic AI company specializing in intelligent borrower interaction solutions. Its AI-driven platform acts as a strategic engagement layer, enabling financial institutions to streamline lending operations, boost efficiency, and enhance customer experience.
By combining deep domain expertise with cutting-edge technology, Fundamento empowers banks, NBFCs, and fintechs to deliver smarter, faster, and more personalized borrower journeys, driving better business outcomes across the lending lifecycle.
Over the next year, Fundamento aims to expand its AI footprint in India’s BFSI sector with marquee enterprise customers, while also entering new international markets. The company is targeting the US and APAC regions, where debt collections, digital lending adoption, and financial services innovation present significant opportunities for its multi-agentic AI platform.
Ankit Durga, Founder & CEO, Fundamento, said, “At Fundamento, we’ve stayed deeply focused on solving problems for the financial services sector. From day one, we’ve been RoI-obsessed, challenging ourselves to deliver measurable value in very short timeframes. The fact that some of our own customers have chosen to back this round is both humbling and validating; its a true testament to how customer-obsessed our journey has been. While AI voice agents were our starting point, we are now building deep vertical models and moving towards the next generation of customer journeys powered by multi-channel autonomous orchestration. This evolution will enable financial enterprises to dramatically shift business metrics while keeping costs firmly under control.”
Mehekka Oberoi, Fund Manager at IIFL Fintech Fund – Series II, said, “Fundamento stands out not just for its technology, but for the conviction it has earned from its customers. In a sector where trust and efficiency are paramount, their platform is redefining borrower engagement and delivering measurable business impact. We are excited to back a team that is not only solving today’s challenges but also building the intelligence layer for the future of financial services.”
George Burrough, Principal at The Players Fund, said, “We are backing Fundamento because they have cracked something hard – sophisticated AI voice agents that actually work globally and across India’s diverse languages and dialects, already delivering proven ROI for unicorn financial institutions. The founding team’s execution ability, combined with strategic backing from India’s leading tech founders, positions them perfectly for international expansion where our athlete + investor network can open doors.”
