Agentic AI startup Fundamento has raised $1.9 million (₹16 crore) in a pre-Series A round led by IIFL Fintech Fund, with participation from The Players Fund (backed by cricketers KL Rahul and Ben Stokes), Venture Catalysts, Lead Invest, Epic Angels, and other investors.
The company plans to use the funds to enhance its agentic AI capabilities, build verticalized solutions for banks and fintechs, and expand across key financial workflows such as collections, borrower profiling, and cross-selling.
It will also invest in strengthening its proprietary AI infrastructure and growing its enterprise partnerships across the banking and fintech ecosystem.
Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento operates as a specialized AI platform designed to enhance borrower engagement for financial institutions. Acting as a strategic engagement layer, it helps banks, NBFCs, and fintechs streamline lending operations, automate decision-making, and deliver more personalized borrower journeys.
By combining deep financial expertise with multi-agentic AI, Fundamento enables lenders to improve loan recovery, risk assessment, and customer satisfaction. Its technology reduces friction across the lending lifecycle, improving both operational efficiency and end-user experience.
Looking ahead, Fundamento aims to scale its footprint within India’s BFSI sector while expanding into international markets such as the US and APAC, where digital lending and AI-driven debt management are rapidly growing.
