Bengaluru-based Startup Secures Pre-Series A Funding
OnFinance AI, a generative AI platform built specifically for the Banking, Financial Services, and Insurance (BFSI) sector, has raised $4.2 million in a Pre-Series A round. The round was led by Peak XV’s Surge, with participation from Shyamal Hitesh Anadkat, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV).
About OnFinance AI
Founded in 2023 by Anuj and Priyesh Srivastava, OnFinance AI develops generative AI-powered solutions to automate and streamline regulatory compliance, risk management, and audit processes in the BFSI sector. Its flagship product, ComplianceOS, leverages NeoGPT, India’s first BFSI-specific large language model (LLM), hosting over 70 intelligent agents to help banks, insurers, and asset managers interpret complex regulations, monitor compliance, and optimize internal operations.
NeoGPT is fine-tuned on over 300 million tokens of regulatory data sourced from SEBI, RBI, IRDAI, and AMFI publications, making it highly specialized for BFSI compliance tasks.
Product Portfolio and Capabilities
Beyond ComplianceOS, the company offers InvestigativeOS, a platform delivering AI-driven solutions for:
- KYC compliance
- Cybersecurity and resilience framework (CSCRF) compliance
- SEBI accessibility compliance for PwD rules
- Vendor risk assessment
- Surveillance for market abuse, insider trading, and front-running
By combining AI models with deep financial domain data, OnFinance AI transforms manual compliance workflows into automated, efficient processes, enabling financial institutions to maintain regulatory clarity while focusing on innovation and growth.
Use of Funds and Future Plans
The fresh funding will be utilized to expand proprietary BFSI-focused AI models, accelerate R&D and hiring in engineering and AI research, and scale operations into international markets, positioning OnFinance AI as a global leader in AI-driven BFSI compliance solutions.
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