Ignosis, an enterprise-first Account Aggregator (AA) infrastructure and financial data intelligence platform, has raised $4 million in its pre-Series A funding round led by Peak XV’s Surge.
The round also saw participation from Force Ventures, Razorpay Ventures, Kunal Shah of Cred and other existing investors.
The fresh funds raised will be used to scale its engineering, business, and compliance teams in support of customers across India’s evolving financial ecosystem. Key growth priorities include driving hyper-personalisation through financial data intelligence and building finance-specific LLMs and agentic AI use cases for BFSI.
Founded in 2022 by Nirav Prajapati and Chintan Sheth, Ignosis is a financial data intelligence platform with enterprise-first Account Aggregator infrastructure for financial institutions. It enables BFSI to underwrite, collect, and advise with confidence. And drive the next wave of financial inclusion in India.
Serving 125+ BFSI customers, its AI analytics platform provides accurate income verification, intelligent collections, spend analysis, portfolio/wealth insights, hyper-personalised nudges, along with risk and fraud signals.
Ignosis is building on RBI- and DPDP-compliant DPI rails, including AA, OCEN, and ONDC-FS, to empower 300 million+ underserved Indians with faster, safer, and more inclusive access to credit, wealth, and insurance.
Nirav Prajapati, Co-Founder and CEO, Ignosis, said, “We believe Account Aggregator (AA) is set to become embedded in every financial transaction journey in India. Just as UPI became the default rails for payments, AA is poised to become the default rails for secure, consent-driven financial data sharing. Our solution is to build a reliable and intelligent Account Aggregator (AA) layer that makes financial data both accessible and usable.”
Chintan Sheth, Co-founder & CTO, Ignosis, said, “With advances in AI, we are enabling BFSI to move away from legacy bank statement analytics into a new era of financial data intelligence. Our platform delivers highly accurate income detection, risk underwriting, and fraud and financial health signals. Ignosis gives institutions the precision and confidence to serve customers with speed, trust, and personalized financial services.”
