Knight Fintech Raises $23.6 Million to Scale Banking Infrastructure and Expand Globally
- $23.6 million funding led by Accel with new and existing investors
- Capital to strengthen products and support global expansion plans
- Platform powers co-lending, digital lending, and treasury solutions
Mumbai-based banking infrastructure startup Knight Fintech has raised $23.6 million in a funding round led by early-stage venture capital firm Accel. The round also saw participation from IIFL and Rocket Capital, along with existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital. With this raise, Knight Fintech’s total funding now stands at $30 million.
Founded in 2019, Knight Fintech builds core financial infrastructure that connects banks, non-banking financial companies (NBFCs), digital platforms, and borrowers. Its technology enables smooth capital flow across the ecosystem. A key offering is its co-lending infrastructure, which allows banks and large NBFCs to partner with other institutions to jointly offer loans.
The company serves a strong client base that includes Bank of Baroda, Bank of India, ICICI Securities, IIFL Finance, Bajaj Auto, Muthoot Fincorp, and NABARD. Its platform currently supports more than 150 partnerships across 85 lenders, powering solutions in co-lending, digital lending, and embedded finance.
Knight Fintech said the fresh capital will be used to enhance its product capabilities and accelerate international expansion, with plans to enter markets across Asia-Pacific and the Gulf region. The company also offers treasury management software that helps institutions manage liquidity, market risk, investments, and borrowings.
Also Read: Dugar Finance Secures $18 Million Debt Funding Led by Symbiotics
According to the company, Knight Fintech has facilitated over $7 billion in loan disbursements, manages more than $5 billion in active assets, and oversees treasury assets worth over $125 billion. In FY25, the company reported revenue of Rs 31.5 crore and a net loss of Rs 16 crore, reflecting continued investment in growth.
Looking ahead, Knight Fintech aims to cross $85-100 million in annual revenue and grow assets under management beyond $50 billion over the next four years.
