Knight FinTech secures $23.6m Series A led by Accel

January 2, 2026

Knight FinTech, an Indian banking and digital lending infrastructure provider, has successfully raised $23.6m in a Series A funding round.

The round was spearheaded by Accel, with participation from IIFL and Rocket Capital, alongside existing backers Prime Venture Partners, 3one4 Capital, Commerce VC and Trifecta Capital, according to a report from YourStory.

The capital raise, completed through multiple tranches, comes as Knight FinTech aims to accelerate product innovation and broaden its geographic footprint into the Middle East and Asia-Pacific regions.

Knight FinTech was founded with a mission to simplify and modernise lending infrastructure for banks and non-bank lenders. Based in Mumbai, the firm has developed platforms that support co-lending, digital lending, embedded finance and treasury management.

The company claims it now works with more than 150 partners across 85 lenders, facilitating over $7bn in cumulative loan disbursements and managing more than $5bn in assets under management. Its treasury platform also oversees assets exceeding $125bn, demonstrating significant operational scale.

The new capital will be channelled into expanding Knight FinTech’s AI-driven product offerings, which include risk intelligence, automated credit underwriting, fraud detection, portfolio monitoring and debt recovery systems.

Kushal Rastogi, co-founder of Knight FinTech, said, “We chose to keep innovation and client obsession at the centrepiece, while building business with strong unit economics, market resilience, reliable systems, and long-term valued partnerships. Knight FinTech is a multi-engine platform. Co-lending and Treasury are already operating at meaningful scale, while Embedded finance and Digital lending are accelerating rapidly.”