Team StartupCity

• Raised $4 Million led by Peak XV’s Surge in Pre-Series A round
• Uses AI and Account Aggregator infrastructure to improve financial data access
• Aims to help underserved consumers and MSMEs get better credit and services

Ahmedabad based fintech startup Ignosis has raised $4 million in a Pre-Series A funding round led by Peak XV’s Surge, with support from Razorpay Ventures, Force Ventures, Kunal Shah of Cred, and others. The company focuses on solving India’s financial data challenges by making credit and financial services more accessible through its Account Aggregator (AA) platform combined with AI powered analytics.

Despite India’s rapid digital growth, over 160 million consumers remain underserved by formal credit due to a lack of income proof. Similarly, 80% of MSMEs still struggle to access affordable loans. Ignosis aims to change this by offering a secure, consent based platform that lets financial institutions access and analyze accurate financial data, enabling faster and more reliable lending, insurance, and financial planning.

Nirav Prajapati, co-founder and CEO of Ignosis, explained that Account Aggregator technology will become as essential to financial data sharing as UPI is to payments today. Chintan Sheth,CTO of Ignosis, added that their AI tools provide precise income detection, risk assessment, and fraud signals, helping banks and lenders make better decisions and serve customers with trust and speed.

Also Read: Eruditus Secures $150 Million Refinancing to Fuel Global Expansion

With the fresh capital, Ignosis plans to expand its engineering, business, and compliance teams to support more clients across India. The startup is also focused on creating personalized financial services and developing finance specific AI models. Built to comply with RBI’s Account Aggregator framework and India’s DPDP Act, Ignosis is well positioned to drive the next wave of financial inclusion.