Knight Fintech, a Mumbai-headquartered banking infrastructure startup, has raised $23.6 million in a Series A funding round led by Accel.
The round also saw participation from IIFL and Rocket Capital, along with existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital.
With this latest infusion, Knight Fintech’s total funding has reached $30 million.
The company plans to use the capital to expand its international footprint, enter markets across the Asia-Pacific and Gulf regions, and further strengthen its product capabilities.
Established in 2019, Knight Fintech has been developing core banking infrastructure that connects banks, lenders, platforms, and borrowers, as it looks to enable efficient capital flow across the financial ecosystem. Its product portfolio spans co-lending, digital lending, embedded finance, and treasury management.
The startup works with a slew of financial institutions, including Bank of Baroda, Bank of India, ICICI Securities, IIFL Finance, Bajaj Auto, Muthoot Fincorp, and NABARD. According to the company, its platform currently powers more than 150 partnerships across 85 lenders, supporting credit distribution across retail, MSME, and agricultural segments.
Knight Fintech claims to have facilitated cumulative disbursements exceeding $7 billion, with over $5 billion in active assets under management.
In other fintech deals, Bengaluru‑based Cashfree Payments raised a significant growth round early in 2025, while India’s Jupiter Money also secured fresh capital to expand its neobanking services, thereby highlighting continued investor interest in the sector.
