Pune: Finarkein has announced the successful extension of its Pre-Series A funding round, raising $1.5 million through a mix of primary and secondary investments. The round was led by DSP Group Family Office, with strong participation from existing investors.

This funding saw new investment from marquee names like DSP, while existing backers such as Capital 2B doubled their commitment- a clear sign of confidence in Finarkein’s vision, technology, and leadership. As India’s fintech infrastructure story accelerates, Finarkein continues to emerge as a key innovator, attracting prominent investors and enterprise clients alike.

“Our platform remains a market leader in the Account Aggregator ecosystem, combining best-in-class user experience with privacy-preserving technologies – a must in the data economy,” said Nikhil Kurhe, CEO of Finarkein. “Having patient, long-term capital enables us to further strengthen our focus on data privacy, security, and compliance. We’re thrilled to have DSP onboard, given their deep expertise in fintech investments.”

Aditi Kothari Desai, Chairperson of DSP, added, “Finarkein is laying the foundational rails for open banking and open finance in India. Their innovation-driven approach perfectly aligns with DSP’s long-term growth philosophy.”

Kunal Bajaj, newly appointed Board Observer, noted, “Finarkein has been a category creator in India’s open finance landscape. It’s inspiring to see Indian data infrastructure companies like Finarkein building for the world.”

The funds will be used to enhance Finarkein’s Data & FinAI platform, expand its team, and explore new opportunities in data and AI across its customer base-reinforcing its commitment to innovation, privacy, and customer-centric growth.