Fintech company Finarkein has raised $1.5 million in an extended pre-Series A round, led by DSP Group Family Office and supported by its existing investors.
The new funding will be used to strengthen data privacy, security, and compliance as Finarkein continues to offer data products for India’s financial markets.
“Our platform continues to be a market leader in the Account Aggregator space, offering best in class experience combined with privacy preserving technologies, which is vital in the data space,ˮ said Nikhil Kurhe, CEO of Finarkein.
“Patient capital allows us to further invest in data privacy, security, and compliance as Finarkeinʼs data products further power Indiaʼs financial markets. DSP is a premier Asset Manager and has a track record of investing into and incubating Fintech businesses, and we are glad to have them onboard team Finarkein.ˮ
“Finarkein is building the foundation rails for ease of adoption of open banking and open finance. Their commitment to innovation and execution aligns perfectly with DSPʼs belief in long-term, high-impact growth. Weʼve seen how Finarkein can unlock immense value across the financial ecosystem, and weʼre excited to support their next stage of development,ˮ said Aditi Kothari Desai, Chairperson, DSP.
“Financial products are increasingly becoming data driven and the fintech infrastructure ecosystem continues to grow multifold. Finarkein has been a transparent category creator in Indiaʼs open finance story. We are excited to see Indian data infrastructure companies build from India for the world, and Finarkeinʼs platform continues to set the standard for the ecosystem,ˮ said Kunal Bajaj, who takes up a Board Observer position with Finarkein.
Finarkein, founded in 2019 by Nikhil Kurhe, Dheeraj Kumar, Aakash Narendra Agrawal, and Pradip Machindra Waghmare, is a fintech company that focuses on open finance, data intelligence, and AI infrastructure.
The company helps over 100 banks and financial firms use technologies like Account Aggregator frameworks, OCEN, and ONDCFS, offering scalable solutions to meet the changing needs of the financial sector.
Finarkein works on open finance, data intelligence, and AI infrastructure, helping banks and businesses use new digital tools like the Account Aggregator ecosystem.
Its Flux platform brings together data from different sources, with key products like OpenDataOS, Flux, and Smart Collect that help create smarter financial solutions.
Read more- Egypt’s Tagaddod Secures $26.3M Series A to Fuel Regional Growth
