In October 2025, Finarkein , a Pune-based fintech startup, announced it had raised $1.5 million in an extended pre-Series A funding round, led by DSP Group’s Family Office , with participation from existing investors.
This follows its earlier seed funding of $5.78 million raised from Nexus Venture Partners and others.
This fresh capital is earmarked for strengthening data privacy, security, regulatory compliance, and scaling its AI/data platform further.
Finarkein operates in the cutting edge intersection of open finance, data intelligence, and AI infrastructure .
Enabling financial institutions (banks, NBFCs, fintechs) to plug into Account Aggregator (AA) framework, OCEN , and ONDC Financial Services (ONDCFS).
Offering a platform called Flux , which powers data flows, orchestration, and analytics across sources — enabling businesses to extract actionable insights.
Building OpenDataOS and “Smart Collect” features to help enterprises securely aggregate, process, and act on financial and consumer data.
Ensuring compliance, privacy preserving technologies, and robustness in the sensitive space of financial data.
Because India’s financial ecosystem is moving toward more data openness and interoperability (via DPIs like AA, ONDC, OCEN), Finarkein positions itself as an infrastructure engine powering the shift.
Finarkein was founded in 2019 by Nikhil Kurhe, Dheeraj Kumar, Aakash Narendra Agrawal, and Pradip Waghmare .
From the onset, they saw an opportunity: India’s digital finance ecosystem was fragmented, with silos of data across banks, NBFCs, fintechs, and regulatory barriers to accessing them.
They decided to build foundational infrastructure (not a consumer app) — something behind the scenes that would power many fintech and BFSI players.
Early struggles included:
But the team stayed focused on B2B traction — landing pilot customers, proving reliability, and iterating on performance.
Vision: To be the backbone infrastructure for India’s open finance future — enabling trustworthy, privacy-first data flows across financial and commerce sectors.
Mission: Equip BFSI and fintech entities with robust platforms to plug into new financial networks (AA, OCEN, ONDCFS) effortlessly, and harness data to build smarter products.
Their product philosophy:
The startup already claims to empower over 100 BFSI clients using their data / DPI infrastructure.
Their platform is considered a leading player in the Account Aggregator space, often cited for combining user experience with privacy features.
In their previous round (2024), a related entity, Finarkein Analytics , had raised $4.75M from Nexus Venture Partners , IIFL Fintech Fund, and others.
That earlier funding helped build capability in data workflows and orchestration across digital public infrastructure (DPIs).
These successes validate that the market is ready for robust data infrastructure in fintech, and Finarkein is ahead in that wave.
With the $1.5M raise, Finarkein plans to:
Their long-term vision likely includes becoming a foundational data rails company — analogous to how how core cloud, APIs, or payment rails are in tech stacks.
India’s fintech and financial inclusion push requires more than consumer apps. It needs solid infrastructure — trusted, private, compliant — to move data, build intelligence, and enable new financial products.
Finarkein is stepping in just at the right time: as open banking / open finance models gain traction globally and in India’s DPI journey, companies like Finarkein become indispensable.
They’re not building a flashy B2C brand; they’re building the plumbing of tomorrow’s finance , where data becomes the fuel.
If executed well, Finarkein could become one of the most critical fintech infrastructure plays out of India — a company that many other fintechs depend on, rather than compete with.
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