Finfactor raises $15 M Series A from WestBridge Capital to expand open-finance stack

New Delhi / Pune, 1 Dec 2025 — Finfactor — parent company of Finvu Account Aggregator — has secured US $15 million in a Series A funding round, led by WestBridge Capital, with participation from existing backers including Varanium Capital, DMI Sparkle Fund and IIFL Fintech Fund.
The fresh capital follows an earlier raise of US $2.5 million in July 2022.

What Finfactor does — and its scale

Finvu AA is one of the first entities licensed under India’s account-aggregator framework. It enables secure data exchange among banks, insurers, stockbrokers, investment advisors and other financial institutions.

Finfactor provides a suite of data-analytics and AI-driven tools — including a multi-AA gateway, bank-statement analyzer, loan-monitoring and collections solutions, and wealth-management modules.

The company claims to have served over 50 million consumers, and works with more than 150 BFSI clients, including prominent names — HDFC Bank, Axis Bank, Canara Bank, Motilal Oswal and fintech-firm CRED.

With a team of over 120 professionals, Finfactor aims to position itself as a “full-stack technology provider” for banks and BFSI clients.

What the new funds mean — and where Finfactor is headed

According to company statements, the $15 M capital injection will be used to:

Expand and scale its product suite tailored for financial institutions (lending, wealth management, analytics).

Strengthen its analytics capabilities, possibly leveraging AI / data-intelligence to offer deeper insights and better data products.

Grow its team and accelerate development — enabling it to serve more clients and manage larger volumes of data flows as adoption of open-finance and account-aggregator networks grows in India.

The company’s leadership says the raise will help Finfactor “keep pace with evolving needs of lenders and wealth managers” and strengthen its role in India’s growing open-finance ecosystem.

Why it matters — to fintech, banks and India’s open-finance journey

The raise signals renewed investor confidence in account-aggregator frameworks and open-finance infrastructure — a space that could drive greater transparency, consented data sharing and innovation in lending/wealth/insurance across India.

By offering banks and other BFSI firms a ready-made data + analytics + integration stack, Finfactor may lower the barrier for smaller lenders and non-bank players to adopt open-finance, which could democratise access to credit, personalised financial services, and data-driven wealth management.

As more institutions onboard to the AA network, demand for scalable, secure, AI-powered data infrastructure could surge — positioning Finfactor as a potential infrastructure-layer player in India’s fintech ecosystem.

Disclaimer

This article is based on publicly available information from company announcements, media reports, and regulatory disclosures. Funding amounts, investors, client lists and company claims reflect statements made by the company or its investors. Readers should independently verify details before making business or investment decisions.