Generative AI startup OnFinance AI has raised $4.2 million in a Pre-Series A funding round led by Peak XV’s Surge.
The round also saw participation from Shyamal Hitesh Anadkat, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV).
The fresh infusion will be directed towards advancing OnFinance AI’s proprietary BFSI-focused large language models (LLMs), strengthening R&D, expanding its engineering and AI research teams, and accelerating its international expansion, particularly into MENA and the US markets.
Founded in 2023 by Anuj Srivastava and Priyesh Srivastava, the Bengaluru-headquartered company builds generative AI platforms for the Banking, Financial Services, and Insurance (BFSI) sector.
Its flagship solution, ComplianceOS, is powered by the proprietary NeoGPT LLM, India’s first BFSI-specific model trained on over 300 million regulatory tokens from SEBI, RBI, IRDAI, and AMFI publications.
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Along with ComplianceOS, the company also offers InvestigativeOS, a platform that addresses KYC, cybersecurity and resilience compliance, vendor risk assessments, accessibility compliance, and AI-powered surveillance for market abuse, insider trading, and front-running.
OnFinance AI already counts major institutions such as BSE Limited, Kotak Mutual Fund, Nippon India Mutual Fund, Aditya Birla Capital Digital, and HDFC Securities among its clients.
