OnFinance AI raises $4.2 Mn in Pre-Series A round

Bengaluru-based OnFinance Ai, a generative AI platform purpose-built for the Banking, Financial Services, and Insurance (BFSI) sector, has secured $4.2 million in a Pre-Series A funding round led by Peak XV’s Surge.

The round also saw participation from Shyamal Hitesh Anadkat, groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV).

The new funding will be used to grow OnFinance AI’s BFSI-focused AI models, speed up R&D and engineering hiring, and expand the company’s presence in global markets.

Read also- All Things People raises ₹7 Crore in seed round

“Our mission is to turn regulatory complexity into clarity for banks and financial institutions,” said Anuj Srivastava, Co-Founder & CEO of OnFinance AI. “This funding validates the urgent need for innovation in compliance. With the support of Peak XV and our other investors, we will accelerate BFSI-specific AI solutions that deliver unmatched clarity, speed, and trust.”

Priyesh Srivastava, Co-Founder & CTO, said, “Generic AI cannot solve BFSI’s problems. With NeoGPT and ComplianceOS, we are already delivering regulator-grade outcomes that traditional processes and generic models cannot match. This capital will allow us to double down on research, expand internationally and continue pioneering agentic AI for compliance and risk.” 

About OnFinance AI

Founded in 2023 by Anuj Srivastava and Priyesh Srivastava, OnFinance AI builds generative AI solutions for regulatory compliance, risk management, and audit automation in the BFSI sector. Its flagship platform, ComplianceOS, powered by the proprietary NeoGPT LLM, features 70+ intelligent agents that help banks, insurers, and asset managers interpret regulations, monitor compliance, and streamline processes.

NeoGPT, India’s first BFSI-focused large language model, is trained on 300M+ tokens from SEBI, RBI, IRDAI, and AMFI publications. The company also offers InvestigativeOS, providing KYC compliance, cybersecurity and resilience framework (CSCRF) compliance, SEBI accessibility compliance for PwD rules, vendor risk assessment, and AI-driven market abuse and insider trading surveillance.

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By combining AI with deep financial domain expertise, OnFinance AI automates complex compliance workflows, helping institutions maintain accuracy, reduce risk, and focus on growth and innovation.

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