Finfactor Secures $15 Mn in Series A round led by WestBridge Capital

Finfactor, the parent entity of account aggregator Finvu, has secured $15 million in its Series A funding round led by WestBridge Capital.

Existing investors Varanium Capital, DMI Sparkle Fund and IIFL Fintech Fund, also participated in this round.

The fresh raised funds will be used to expand the company’s product suite for financial institutions, strengthen its analytics capabilities, and advance its goal of becoming a full-stack technology provider for banks and other BFSI clients.

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Manoj Alandkar and Munish Bhatia, co-founders of Finfactor, said, “Our focus has always been to make financial data reliable, usable and insight-driven for institutions. This capital raise strengthens that commitment and helps us build solutions that keep pace with the evolving needs of lenders and wealth managers. With this support, we will expand our teams, accelerate product development and deepen our impact across lending and wealth management. It positions us well for the next phase of growth in the open-finance ecosystem.”

Vamsi Madhav, CEO of Finvu AA, said, “The account aggregator framework completes the foundational digital stack of building blocks for identity, payments and real-time consented data-sharing. At Finvu AA, we are proud to have served over 50 million Indians till date, but we are just getting started. The era of open finance, built on these building blocks, is upon us. We are committed to becoming India’s most secure and reliable AA, for our customers, technology partners and data principals.”

About Finfactor 

Founded in 2019 by Manoj Alandkar and Munish Bhatia, the Pune-based Finfactor is a B2B fintech infrastructure provider offering data aggregation, analytics, and AI-driven tools used across lending, insurance, and wealth management. Its product suite includes a multi-AA gateway, bank-statement analysis, loan-monitoring solutions, and collections tools.

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The company serves more than 150 BFSI institutions—including HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank, and CRED—supported by a team of over 120 professionals.

Finvu AA, an RBI-licensed account aggregator, works with banks, insurers, stockbrokers, investment advisors, and other financial institutions to enable secure, consent-driven data flows.

Finfactor previously raised USD 2.5 million in July 2022 from Varanium Nexgen Fund, IIFL, and DMI Sparkle Fund.

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