Enterprise messaging platform Fyno has secured $4 million in a seed funding round co-led by Arkam Ventures and 3one4 Capital. The Bengaluru-based startup had previously raised $3.89 million in the same round from 3one4 Capital.
Founded in 2022 by Aniketh Jain and Ashish Agarwal, Fyno provides a compliance-first communication infrastructure for banks, NBFCs, and financial services firms. The platform integrates, orchestrates, and analyzes messages across eight+ channels, including SMS, WhatsApp, email, push notifications, and voice. By unifying communications, Fyno enables personalized, timely, and regulatory-compliant customer experiences.
The funding will be deployed to enhance AI capabilities, scale go-to-market operations in India and emerging markets, deepen product functionality, and build hybrid infrastructure to support enterprise deployments. Fyno also plans to expand large-scale transformation projects for BFSI clients.
Since inception, Fyno has processed over five billion communications, and signed 45 banks, NBFCs, and fintech clients, including Karnataka Gramin Bank and Lendingkart. The platform supports onboarding, KYC, transaction alerts, and compliance-driven messaging, while reducing messaging costs by 20–30% and cutting engineering efforts by over 90%.
The Indian CPaaS market is projected at $1.01 billion in 2025 and is expected to triple in the next five years, reflecting rising demand for integrated messaging solutions in financial services. Fyno expects to reach $2 million in revenue by FY25–26 and $5 million by FY26–27 as adoption grows.
Final Take
Fyno’s seed funding positions it to scale rapidly in India’s BFSI sector, offering banks and fintechs a robust, AI-driven messaging platform that balances personalization, compliance, and operational efficiency.
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