PE-VC Fund Investments
BFSI-focussed AI startup OnFinance raises $4.2 M
Bengaluru-based generative AI platform OnFinance AI has raised USD 4.2 Mn (about INR 37 Cr) in its pre-Series A round led by Peak XV’s Surge with participation from Groww Founders’ Fund, MarsShot VC (promoted by Razorpay founders), Climber Capital, Shyamal Hitesh Anadkat (head of Applied AI at OpenAI), along with existing investors Indian Angel Network and Silverneedle Ventures.Founded in 2023 by Anuj Srivastava and Priyesh Srivastava, BFSI vertical focused OnFinance ‘s flagship platform, ComplianceOS, hosts AI agents claimed to interpret circulars, assign tasks, track deadlines, and generate audit-ready evidence.The new funds will be used to expand contracts with Indian clients, foray into the US and MENA markets, and double down on BFSI-specific large language model (LLM) research.
In Nov 2023, OnFinance had attracted about USD 1 M from Haystack Investment, Silverneedle Ventures and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
