Team StartupCity

• Pune based fintech startup Finarkein raises $1.5 million in extended pre-Series A funding.
• The round was led by DSP Group Family Office, with participation from existing investors.
• Funds will enhance data privacy, compliance, and AI driven financial solutions.

Fintech startup Finarkein has secured $1.5 million in an extended pre-Series A funding round, combining primary and secondary investments. The round was led by DSP Group Family Office, alongside participation from existing backers.

Founded in 2019 by Nikhil Kurhe, Dheeraj Kumar, Aakash Narendra Agrawal, and Pradip Machindra Waghmare, the Pune based startup operates at the crossroads of open finance, data intelligence, and AI infrastructure. Finarkein’s goal is to help businesses in India’s financial sector securely use data to build scalable products and services.

The company plans to channel the fresh funds toward strengthening its data privacy, security, and compliance frameworks as demand for its data solutions continues to grow. Finarkein’s products currently support over 100 BFSI enterprises, helping them leverage platforms like India’s Account Aggregator (AA) network, OCEN, and ONDCFS.

Nikhil Kurhe, CEO and Co-founder of Finarkein, said, “Our platform remains a leader in the Account Aggregator space, offering privacy-first solutions and seamless experiences”.

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Finarkein's product portfolio includes OpenDataOS, Flux, and Smart Collect tools designed to help enterprises access, manage, and analyze data securely. With this funding, the startup aims to expand its technology infrastructure and reinforce its position as a trusted provider of intelligent, compliant, and secure data systems for India’s fintech ecosystem.