Ignosis Raises $4 Million to Power Smarter, Inclusive Finance in India with AI and DPI Rails

Ignosis, an Account Aggregator Infrastructure and Financial Data Intelligence Platform, has secured $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 is tackling the systemic barriers in India’s financial data ecosystem. Despite rapid digitization, over 160M consumers remain credit underserved, many without formal proof of income and excluded from loans, insurance, and financial planning. Even 80% of MSMEs struggle to access formal credit.

Ignosis bridges these gaps through its Account Aggregator (AA) infrastructure and AI-driven financial data platform, enabling BFSI players to underwrite, collect, and advise with confidence, and drive the next wave of financial inclusion in India.

Ignosis will use the funding to expand its engineering, business, and compliance teams, supporting customers across India’s evolving financial ecosystem. Key priorities include enabling hyper-personalization through financial data intelligence and developing finance-specific LLMs and agentic AI solutions for BFSI.

Built on secure, compliant rails aligned with the RBI’s Account Aggregator framework and the DPDP Act, 2023, Ignosis helps financial institutions innovate while meeting regulatory standards. Headquartered in Ahmedabad, the company was founded in 2022.