Knight FinTech Raises USD 23.6 Million Series A Led by Accel
bolt Executive Summary
- Indian lending infrastructure provider Knight FinTech has raised USD 23.6 million in a Series A round. The round was led by Accel with new and existing investors joining. The funds will support product development and expansion into new regions.
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Indian lending infrastructure provider Knight FinTech has raised USD 23.6 million in a Series A round. The round was led by Accel with new and existing investors joining. The funds will support product development and expansion into new regions.
Funding details: USD 23.6 million (Series A)
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Knight FinTech has closed a USD 23.6 million Series A round. The investment was completed through multiple tranches.
Accel led the round. New investors IIFL and Rocket Capital participated. Existing backers Prime Venture Partners, 3one4 Capital, Commerce VC, and Trifecta Capital also joined.
The company plans to use the capital to speed up product innovation and expand into the Middle East and Asia-Pacific regions. Part of the money will go toward growing its AI-based offerings, including risk intelligence, automated credit underwriting, fraud detection, portfolio monitoring, and debt recovery tools.
Kushal Rastogi, co-founder of Knight FinTech, said the company has focused on innovation and putting clients first while building a business with solid unit economics and reliable systems. He added that the platform runs multiple engines, with co-lending and treasury already at large scale and embedded finance and digital lending growing fast.
Knight FinTech provides banking and digital lending infrastructure. It builds platforms for co-lending, digital lending, embedded finance, and treasury management. The company is based in Mumbai and serves banks and non-bank lenders in India.
Source:- YourStory
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