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| L-R: Nirav Prajapati, Co-Founder & CEO, Ignosis, and Chintan Sheth, Co-Founder & CTO, Ignosis |
- In just three years, Ignosis has earned the trust of 125+ financial institutions enabling access to credit, insurance, and investments through hyper-personalised, AI-driven financial intelligence.
Ignosis, India’s leading enterprise-first Account Aggregator (AA) infrastructure and financial data intelligence platform, has raised $4 million in its Pre-Series A round led by Peak XV’s Surge, with participation from Force Ventures, Razorpay Ventures, Kunal Shah of Cred and other existing investors.
Ignosis tackles the systemic challenges holding back India’s financial data ecosystem. Despite rapid digitisation, 160M+ Indian consumers remain credit underserved. Most of them without a formal proof of income, remain excluded from affordable loans, insurance, and financial planning. Even 80% of MSMEs still struggle to access formal credit.
Ignosis addresses these critical gaps with its Account Aggregator (AA) infrastructure and financial data intelligence platform. It enables BFSI to underwrite, collect, and advise with confidence. And drive the next wave of financial inclusion in India.
Nirav Prajapati, Co-Founder and CEO, Ignosis, says–
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.
“With advances in AI, we are enabling BFSI to move away from legacy bank statement analytics into a new era of financial data intelligence,” says Chintan Sheth, Co-founder & CTO, Ignosis. “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 personalized financial services.”
Ignosis will deploy the capital to scale its engineering, business, and compliance teams in support of customers across India’s evolving financial ecosystem. Key growth priorities include driving hyper-personalisation through financial data intelligence and building finance-specific LLMs and agentic AI use cases for BFSI.
Ignosis is built on secure, compliant rails aligned with the RBI’s Account Aggregator framework and the DPDP Act, 2023, enabling financial institutions to innovate while meeting regulatory standards. Headquartered in Ahmedabad, Ignosis was founded in 2022.
About Ignosis
Ignosis is India’s financial data intelligence platform with enterprise-first Account Aggregator infrastructure for financial institutions. Serving 125+ BFSI customers, its AI analytics platform provides accurate income verification, intelligent collections, spend analysis, portfolio/wealth insights, hyper-personalised nudges along with risk and fraud signals.
Ignosis is building on RBI- and DPDP-compliant DPI rails including AA, OCEN, and ONDC-FS to empower 300M+ underserved Indians with faster, safer, and more inclusive access to credit, wealth, and insurance.
Headquartered in Ahmedabad, Ignosis was founded by Nirav Prajapati and Chintan Sheth and has raised $4M in pre-Series A led by Peak XV’s Surge with participation from Razorpay Ventures, Force Ventures, and Kunal Shah.