Fintech News Funding Alert

Indian Fintech Firm Finfactor Nets $15M Series A

• ByStartupStory     |    December 2, 2025

Finfactor, the parent company of Finvu Account Aggregator, has successfully raised $15 million in a Series A funding round led by WestBridge Capital, with participation from existing investors including Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund. The Pune-based fintech company will use the fresh capital to expand its product suite, enhance analytics capabilities, and evolve into a full-stack technology provider for banks and BFSI clients.

Finvu Account Aggregator is one of the first RBI-licensed account aggregators in India and has served over 50 million consumers, providing greater control and secure access to personal financial data. Its offerings include AI-driven solutions such as a multi-AA gateway and loan monitoring tools, catering to more than 150 BFSI clients, including major names like HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank, and CRED.

Co-founders Manoj Alandkar and Munish Bhatia emphasized the company’s commitment to making financial data reliable, usable, and insight-driven for institutions. The fresh funding is positioned to help build solutions that keep pace with the evolving needs of lenders and wealth managers, accelerating Finfactor’s growth in the open-finance ecosystem.

CEO Vamsi Madhav highlighted that the account aggregator framework completes foundational digital building blocks for identity, payments, and real-time consented data sharing—ushering in a new era of open finance in India. Finfactor aims to become the most secure and reliable account aggregator for customers, technology partners, and data principals alike.

With an experienced leadership team and strong institutional backing, Finfactor’s $15 million Series A marks a significant milestone as it scales its technology platform, expands customer base, and strengthens its position in the rapidly growing Indian fintech market.

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