Ignosis, an enterprise-focused Account Aggregator (AA) infrastructure and financial data intelligence startup, has raised $4 million in a pre-Series A funding round led by Peak XV’s Surge, with participation from Force Ventures, Razorpay Ventures, Kunal Shah of Cred, and other existing investors. Prior to this, the startup had secured $1.49 million from Angel List and additional early backers.
Founded in 2022 by Nirav Prajapati and Chintan Sheth, Ignosis builds an AI-driven platform providing income verification, intelligent collections, spend analysis, portfolio insights, hyper-personalized financial nudges, and risk/fraud signals. The startup aims to address gaps in India’s financial ecosystem, where over 160 million consumers remain credit underserved due to lack of formal income proof, and 80% of MSMEs struggle to access formal credit.
The fresh capital will be used to expand engineering, business, and compliance teams, while driving hyper-personalization through financial data intelligence, including finance-specific LLMs and agentic AI use cases for BFSI. The platform leverages RBI- and DPDP-compliant rails such as AA, OCEN, and ONDC-FS, offering secure, consent-driven data sharing for faster, safer, and more inclusive access to credit, wealth management, and insurance.
“Just as UPI became the default rails for payments, Account Aggregators are poised to become the default rails for secure financial data sharing,” said Nirav Prajapati, CEO of Ignosis. “We aim to build a reliable and intelligent AA layer that makes financial data both accessible and actionable.”
Ignosis’ platform also enables enterprises and fintechs to make data-driven lending and wealth decisions, enhancing efficiency and financial inclusion. With its pre-Series A funding, the startup is positioned to empower over 300 million underserved Indians, bridging gaps in credit, insurance, and financial planning through technology-enabled solutions.
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