NewsStocksKnight FinTech Raises Over $30 Million in Series A Round, Onboards Former Infosys Finacle CEOKnight FinTech Raises Over $30 Million in Series A Round, Onboards Former Infosys Finacle CEO
Knight FinTech has raised over $30 million in Series A funding led by Accel, claiming to be India's first 'soonicorn' of 2026. The AI-first banking infrastructure platform supports 150+ partnerships across 85 lenders, enabling over $7 billion in cumulative disbursements with 120% YoY growth. The company plans to use funds for AI product development and international expansion, while onboarding former Infosys Finacle CEO Sanat Rao as advisor.
*this image is generated using AI for illustrative purposes only.
Knight FinTech, a banking and digital lending infrastructure platform, has successfully raised over $30 million (₹270.00 crore+) in funding following the completion of its multi-tranche Series A round. The company claims to be India's first 'soonicorn' of 2026 after crossing this funding milestone.
Funding Details and Investor Participation
The Series A round raised $23.60 million (₹215.00 crore) and was led by Accel, with participation from IIFL and Rocket Capital. The round also saw continued backing from existing investors including Prime Venture Partners, 3one4 Capital, Trifecta Capital, and Commerce VC.
| Parameter: | Details |
|---|---|
| Series A Amount: | $23.60 million (₹215.00 crore) |
| Total Funding: | Over $30 million (₹270.00+ crore) |
| Lead Investor: | Accel |
| New Investors: | IIFL, Rocket Capital |
| Existing Investors: | Prime Venture Partners, 3one4 Capital, Trifecta Capital, Commerce VC |
Business Operations and Market Position
Founded in 2019 by Kushal Rastogi, Knight FinTech provides AI-first infrastructure that enables banks, NBFCs, and financial platforms to operate and scale co-lending, digital lending, embedded finance, and treasury systems. The company operates behind the scenes, powering credit workflows, risk assessment, and capital deployment for financial institutions.
The platform currently supports 150+ partnerships across 85 lenders, facilitating credit across retail, MSME, and agriculture segments. Knight FinTech has demonstrated strong growth metrics with 120.00% year-on-year growth maintained over the last three years.
| Business Metric: | Performance |
|---|---|
| Partnerships: | 150+ across 85 lenders |
| Cumulative Disbursements: | Over $7 billion |
| Active AUM: | More than $5 billion |
| Quarterly Disbursements: | Close to $1 billion |
| YoY Growth: | 120.00% (last 3 years) |
| Treasury Assets: | Over $125 billion |
Strategic Plans and Market Expansion
The fresh capital will be deployed to strengthen Knight FinTech's AI-native product roadmap, focusing on several key areas:
- Risk intelligence and fraud detection systems
- Automated credit underwriting capabilities
- Early warning systems for portfolio monitoring
- Debt recovery solutions
The company also plans to expand operations across the Middle East and APAC markets as part of its international growth strategy.
Leadership and Client Base
"Co-lending and treasury are already operating at meaningful scale, while embedded finance and digital lending are accelerating rapidly," said Kushal Rastogi, Founder and CEO of Knight FinTech. He added that the company aims to build category leadership while maintaining execution quality and partner outcomes.
Knight FinTech's client portfolio includes major financial institutions such as Bank of Baroda, Bank of India, UCO Bank, ICICI Securities, IIFL Finance, Kotak Prime, Bajaj Auto Finance, Muthoot Fincorp, NABARD, and NSDL Payments Bank.
As part of its international expansion strategy, the company has onboarded Sanat Rao, former Global CEO of Infosys Finacle, as an investor and board advisor, bringing significant industry expertise to support the company's growth trajectory.
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