Finarkein Secures $1.5 Million in Pre-Series Funding Round
Finarkein, a pioneering fintech company, has successfully secured $1.5 million in an extended pre-series funding round. This investment was primarily sourced through contributions from the DSP Group Family Office and existing investors.
Finarkein has announced the successful extension of its pre-series funding, raising an impressive $1.5 million through a mix of primary and secondary investments. The funding round was spearheaded by the DSP Group Family Office, showcasing strong investor confidence in the growing fintech sector.
About Finarkein: Leading the Charge in Open Finance
Finarkein operates at the forefront of fintech innovation, specializing in open finance, data intelligence, and AI infrastructure. The company empowers over 100 BFSI (Banking, Financial Services, and Insurance) firms to leverage the capabilities of their account aggregator service, OREN, and ONDCFS, providing transformative solutions tailored to the evolving needs of the financial landscape.
Investor Confidence and Future Prospects
The recent funding round not only attracted new investments, particularly from DSP, but also saw existing stakeholders like Capital 2B augment their involvement, reflecting a strong belief in Finarkein’s vision and technological acumen.
Utilization of Funds for Growth and Innovation
While a significant portion of the raised capital has been allocated for secondary transactions, the remaining funds will be directed towards enhancing its data capabilities and refining its platform. Finarkein plans to expand its team and explore innovative opportunities in data and AI, thereby reinforcing its commitment to customer satisfaction and cutting-edge technology.
Partnership for the Future of Open Finance
Nikhil Kurhe, CEO of Finarkein, stated, “Our platform is a market leader in account aggregation, offering a superior user experience coupled with cutting-edge confidentiality technologies that are crucial in today’s data environment.” The capital infusion will allow Finarkein to invest in data privacy, security, and compliance, aligning its offerings with the dynamic Indian financial markets.
DSP’s Commitment to Long-Term Growth
Aditi Kothari Deai from DSP emphasized, “Finarkein is building the foundation necessary for the adoption of open banking and finance. Their unwavering dedication to innovation aligns perfectly with DSP’s beliefs in long-term growth and impactful investments.” This collaboration signifies a promising future for both entities as they aim to unlock untapped value within the financial ecosystem.
The Growing Importance of Data in Fintech
As financial products increasingly rely on data-driven insights, the fintech infrastructure ecosystem is poised for significant expansion. Finarkein stands out as a remarkable success story within the Indian fintech landscape, paving the way for innovations that promise to reshape financial services as we know them.
Posted on October 6, 2025