Finarkein Raises $1.5M in Pre-Series A Funding to Boost Open Finance Platform
Indian fintech startup Finarkein has secured $1.5 million in an extended pre-Series A funding round. The round was led by DSP Group Family Office, with participation from existing investors. Nikhil Kurhe, CEO of Finarkein, expressed confidence in their platform's unique offerings.
Finarkein plans to utilise the capital for enhancing its Data & FinAI Platform, expanding the team, and exploring new opportunities. The startup's platform enables companies to leverage the Account Aggregator framework, OCEN, and ONDCFS. It specialises in Open Finance, Data Intelligence, and AI infrastructure, empowering over 100 BFSI companies.
The funding round saw DSP Group Family Office, led by Aditi Kothari Desai, invest in Finarkein due to its commitment to innovation and execution. Kunal Bajaj, associated with DSP Investments, has taken up a Board Observer position with Finarkein, expressing excitement about the company's growth and potential.
Finarkein's $1.5 million funding round will support platform enhancements, team expansion, and exploration of new opportunities. The startup's innovative approach to Open Finance and AI infrastructure has attracted investors, with DSP Group Family Office and Kunal Bajaj joining the fold.
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