NBFC account aggregator Finvu AA raises $2.5 million from Varanium Nexgen Fund, others
Finvu AA, a consent-based account aggregator, has raised $2.5 million in funding from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund, and others.
Founded by ex-HSBC executives Munish Bhatia, Manoj Alandkar, and Praveen Prabhu, Finvu AA simplifies accessing customers’ financial information for banking and financial services. So far, it has processed over 750,000 consent requests and executed over two million API calls.
"The future of financial services will dramatically change with the AA ecosystem as new use cases are being developed. Excited to get support from our investors who believe in this," said Bhatia and Alandkar, founders of Finvu AA, in a joint statement.
The company is the first Indian non-banking financial company (NBFC) account aggregator to receive an operating license from the Reserve Bank of India.
It's looking to add 15 more partners and plans to use the fresh capital for expanding its team in engineering, business development, and increased product offerings.
Founded by ex-HSBC executives Munish Bhatia, Manoj Alandkar, and Praveen Prabhu, Finvu AA simplifies accessing customers’ financial information for banking and financial services. So far, it has processed over 750,000 consent requests and executed over two million API calls.
"The future of financial services will dramatically change with the AA ecosystem as new use cases are being developed. Excited to get support from our investors who believe in this," said Bhatia and Alandkar, founders of Finvu AA, in a joint statement.
The company is the first Indian non-banking financial company (NBFC) account aggregator to receive an operating license from the Reserve Bank of India.
It's looking to add 15 more partners and plans to use the fresh capital for expanding its team in engineering, business development, and increased product offerings.
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