Ignosis secures $4m to scale financial data intelligence

October 2, 2025

Ignosis, India’s enterprise-first account aggregator (AA) infrastructure and financial data intelligence platform, has raised $4m in a pre-Series A round.

The round was led by Peak XV’s Surge, with additional backing from Force Ventures, Razorpay Ventures, Cred founder Kunal Shah and other existing investors.

Founded in 2022 and headquartered in Ahmedabad, Ignosis helps financial institutions tackle the systemic challenges holding back India’s data ecosystem. Despite widespread digitisation, more than 160 million Indian consumers remain underserved by credit, with many lacking proof of income and therefore excluded from loans, insurance and financial planning, Ignosis claimed.

Ignosis’ AA infrastructure and financial data intelligence tools enable banks, insurers and other financial institutions to underwrite, collect and advise with greater confidence.

With the fresh capital, Ignosis plans to expand its engineering, business and compliance teams while supporting customers across India’s fast-evolving financial landscape.

Priorities include developing finance-specific large language models (LLMs) and agentic AI use cases for the BFSI sector, as well as enhancing hyper-personalisation through advanced financial data intelligence.

Ignosis CEO and co-founder Nirav Prajapati said, “We believe Account Aggregator (AA) is set to become embedded in every financial transaction journey in India. Just as UPI became the default rails for payments, AA is poised to become the default rails for secure, consent-driven financial data sharing. Our solution is to build a reliable and intelligent Account Aggregator (AA) layer that makes financial data both accessible and usable.”

Ignosis co-founder and CTO Chintan Sheth added, “With advances in AI, we are enabling BFSI to move away from legacy bank statement analytics into a new era of financial data intelligence. Our platform delivers highly accurate income detection, risk underwriting, and fraud and financial health signals. Ignosis gives institutions the precision and confidence to serve customers with speed, trust, and personalised financial services.”