Fintech Startup Finarkein raises $1.5 Mn in pre-Series A round

Fintech firm Finarkein has raised $1.5 million in an extended pre-Series A funding round led by DSP Group Family Office with participation from existing investors.

The new funding will be deployed to strengthen data privacy, security, and compliance as the company’s data products continue to support 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 growth,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 clear category creator 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.

About Finarkein 

Founded in 2019 by Nikhil Kurhe, Dheeraj Kumar, Aakash Narendra Agrawal, and Pradip Machindra Waghmare, Finarkein is a fintech company focused on open finance, data intelligence, and AI infrastructure, enabling 100+ BFSI firms to leverage Account Aggregator frameworks, OCEN, and ONDCFS. It provides scalable solutions designed to meet the evolving demands of the financial sector.

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Finarkein focuses on open finance, data intelligence and AI infrastructure, enabling financial institutions and businesses to leverage emerging DPIs like the Account Aggregator ecosystem. Its Flux platform integrates data from multiple sources, with key offerings including OpenDataOS, Flux and Smart Collect to drive smarter financial solutions.

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