Fundamento Raises $1.9 Million to Scale Agentic AI in Fintech
- Fundamento secured $1.9 million in pre-Series A funding led by IIFL Fintech Fund.
- The company plans to strengthen its presence in India’s BFSI sector and expand into global markets.
- Its AI platform automates multi-channel customer interactions for banks, NBFCs, and fintechs.
Agentic AI platform Fundamento has raised $1.9 million (around Rs 16 crore) in a pre-Series A round led by IIFL Fintech Fund, with participation from The Players Fund, Venture Catalysts, Lead Invest, and others.
The fresh funds will help Fundamento grow across India’s banking, financial services, and insurance (BFSI) sector while expanding internationally to the United States and Asia-Pacific. The startup will deploy its AI technology to automate collections, upselling, and borrower profiling for financial institutions and fintech players.
Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento builds agentic AI systems that manage end-to-end customer interactions across multiple channels. Its voice agents currently support over 30 languages, serving leading financial and insurance organizations.
The company is now developing domain-specific AI models and multi-agent orchestration systems that allow autonomous handling of complex workflows without human intervention. These capabilities are designed to enhance operational efficiency and cut engagement costs by up to 60% for enterprise clients.
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This funding marks the first AI driven fintech investment in IIFL Fintech Fund’s portfolio. The fund, which recently raised Rs 200 crore for its second vehicle, has previously backed fintech innovators such as FinBox, Riskcovry, Finvu, DataSutram, and Leegality.
