Fintech startup Finarkein has extended its Pre-Series A funding, raising $1.5 million through primary and secondary investments led by the DSP Group Family Office, with participation from existing investors.
Finarkein has announced the successful extension of its Pre-Series A funding round, raising $1.5 million through primary and secondary investments. The round was led by DSP Group Family Office, with participation from existing investors.
Finarkein is a fintech company specialising in open finance, data intelligence, and AI infrastructure. It empowers over 100 BFSI firms to use the account aggregator framework, OCEN, and ONDCFS, offering scalable solutions for the evolving financial ecosystem.
The latest funding saw fresh investment from marquee investors such as DSP, while select existing investors, including Capital 2B, increased their stake, reflecting strong confidence in Finarkein’s vision and technology.
Funds to fuel Data and FinAI platform expansion
The company stated that while a significant portion of the funds was deployed in secondary transactions, the remaining capital will be utilised to enhance its Data and FinAI platform, expand its team, and explore new data and AI opportunities within its existing customer base. Finarkein added that the investment will further support its commitment to innovation, privacy, and customer satisfaction.
DSP and Finarkein align on open finance future
“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,” 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.”
“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 Finarkein’s platform continues to set the standard for the ecosystem,” said Kunal Bajaj, who will take on a Board Observer position with Finarkein.
Published on October 6, 2025