Angel Investments
BFSI-focused data analytics platform Finarkein raises $1.5 M from DSP Group Family Office, others
Pune-based fintech startup Finarkein has raised USD 1.5 million in an extended pre-Series A funding round. The round, which was a mix of primary and secondary transactions, was led by DSP Group Family Office with participation from existing investors.Founded in 2019 by Nikhil Kurhe and Dheeraj Kumar, Finarkein specializes in open finance, data intelligence and AI infrastructure, empowering BFSI (banking, financial services and insurance) companies to leverage the account aggregator framework, Open Credit Enablement Network (OCEN) and Open Network For Digital Commerce - Financial Services (ONDCFS).The new funds will be used to enhance the firm’s data & FinAI platform, expand the team, and explore emerging data and AI opportunities with existing customers.
Between Feb 2022 and Feb 2025, Finarkein Analytics had attracted about USD 6 M from 360 ONE, Eximius Ventures, Info Edge, Nexus Venture Partners, Snow Leopard and others.For FY24, Finarkein Analytics had reported about INR 6 Cr in Operating Income and about INR 0.4 Cr in Net Loss.
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