Finfactor Raises $15 Mn To Offer B2B Account Aggregator Solutions

SalarySe Nets $11.3 Mn To Scale Its Salary-Linked Credit Platform

SUMMARY

Finvu’s parent Finfactor has raised $15 Mn (around INR 134.3 Cr) in its Series A funding round led by WestBridge Capital, along with participation from Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund

The Maharashtra-based fintech company plans to deploy the freshly raised capital to scale its product suite, enhance its analytics suite, expand its teams, and become a full-stack technology provider for banks and BFSI clients

Founded in 2019 by Alandkar and Munish Bhatia, Finvu is an RBI-licensed account aggregator in India that enables secure, consent-based sharing of financial data. It claims to serve more than 50 Mn consumers

NBFC aggregator platform Finvu’s parent Finfactor has raised $15 Mn (around INR 134.3 Cr) in its Series A funding round led by WestBridge Capital, along with participation from Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund.

“With this funding support, we will expand our teams, accelerate product development, and deepen our impact across lending and wealth management. It positions us well for the next phase of growth in the open-finance ecosystem,” said Finfactor founder Manoj Alandkar.

Its parent provides back-end tools, APIs and open-finance systems for financial institutions and fintech firms. Its solution suite includes products for data connect, lending, wealth management, and target categorisation.

Finfactor works with more than 150 BFSI partners, including HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank and CRED.

Prior to this, Finvu raised $2.5 Mn in its seed funding round in 2022.

The account aggregator framework is part of India’s digital stack and helps aggregate and share financial data of customers. Many startups with account aggregator licence are providing data to BFSI customers to help them make better decisions.

In September, account aggregator infrastructure and financial data intelligence platform Ignosis raised $4 Mn in its pre-Series A round led by Peak XV Partners’ Surge.

These startups operate in the rapidly growing Indian fintech market, estimated to have a cumulative revenue of over $133 Bn by 2030. As a result, the startups in the sector continue to see strong investor interest. In H1 2025, fintech startups raised more than $1.6 Bn in funding.