Finster AI, an AI-native platform built for investment banks and asset managers, has raised a total of $15m across its Series A and Seed funding rounds.
The Series A was led by FinTech Collective, while the Seed round was led by Peak XV, with continued participation from Hoxton Ventures. The new capital will fuel Finster AI’s expansion in New York, accelerate hiring for its growing team, and drive new data and technology partnerships across the financial ecosystem.
Founded in 2023 by former Google DeepMind researcher Sid Jayakumar, Finster AI is designed to replicate how finance operates in the real world. The platform supports financial professionals by tailoring AI to individual roles, workflows, and information needs. Whether drafting investment memos, performing research, or preparing client materials, Finster’s technology aims to deliver precise, secure, and verifiable outputs — essential in a sector that demands accuracy, confidentiality, and governance.
The company plans to use the new funding to scale its team, enhance its product’s technical capabilities, and deepen collaborations with leading financial institutions. The investment also supports Finster’s mission to provide AI tools that move financial professionals from reactive processes to proactive, insight-driven decision-making.
Finster AI has already established partnerships with several tier 1 global investment banks and asset managers. These collaborations aim to integrate the platform into front-office operations, enabling faster, data-informed decisions while maintaining strict regulatory and information controls.
Finster AI founder and CEO Sid Jayakumar said, “Finance has unique demands and AI is a critical tool for staying ahead of the market. We designed Finster as a secure, scalable, and verifiable platform that doesn’t just support workflows; it anticipates them. Our mission is to help financial professionals move from reactive tasks to proactive, insight-driven decision-making at industry scale.”
Hoxton Ventures founder and partner Hussein Kanji said, “More than four decades ago, the Bloomberg Terminal brought speed of information and transparency to the financial markets. We believe Finster AI is at the forefront of a new transformation through its investment banking workflows. From the start, we saw Sid’s sharp insight and bold vision, and it’s exciting to see him now delivering — building an exceptional team and strong early traction. Finster’s AI-native approach is solving critical inefficiencies where others have struggled, and we’re thrilled to support the team as they drive the next wave of innovation in financial services.”
FinTech Collective partner Toby Triebel said, “In getting to know Finster, we have been continuously impressed with Sid and the calibre of talent that he has attracted across the entire team. Deep AI and financial services expertise are both essential ingredients to create truly impactful, deeply integrated enterprise-grade AI for such a complex industry. Already, the proof is in the product, which resonates with clients on a global scale thanks to their rigorous pace of execution that has catapulted them past even well-established players.”
Finster has also strengthened its leadership team with the appointment of Chris Andrews as chief operating officer, based in New York. Andrews joins from Morgan Stanley, where he served as global COO of research. Veeral Manek, formerly general manager of Revolut’s Wealth & Trading division, has also taken a product leadership role at Finster.
Andrews said, “Finster’s thoughtful design is defined by two strengths: a platform purpose-built for scale and trust, and a team with proven excellence across AI and finance creates a powerful foundation to help our clients adopt AI with confidence.”
Manek added, “For some time, I have been considering how AI will impact the future of work. I believe Sid and the team are building the most thoughtful solution to solve the unique complexities of the financial industry.”
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