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Finfactor raises $15 Mn in Series A led by WestBridge

EntrackrEntrackr · 27d ago
Finfactor raises $15 Mn in Series A led by WestBridge
Medial

Finfactor raises $15 Mn in Series A led by WestBridge The Pune-based company had earlier raised $2.5 million in July 2022 from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund, and others. Finfactor, the parent company of Finvu Account Aggregator, has raised $15 million in its Series A round led by WestBridge Capital, with participation from existing investors Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund. According to the company, the new capital will be used to expand its product suite for financial institutions, enhance its analytics capabilities, and advance its goal of becoming a full-stack technology provider for banks and BFSI clients. Co-founded by Manoj Alandkar and Munish Bhatia, Finvu Account Aggregator enables secure data exchange for banks, insurers, stockbrokers, investment advisors, and other financial institutions and claims to have served more than 50 million consumers. Finfactor offers data analytics and artificial intelligence-driven solutions such as a multi AA gateway, bank statement analyser, loan monitoring and collections tools, and wealth management capabilities. It serves more than 150 BFSI clients including HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank, and CRED, supported by a team of more than 120 professionals. WestBridge recently led the $40 million Series B round for credit infrastructure fintech FinBox. It has also backed enterprise AI platform UnifyApps, edtech firm SpeakX, and took part in a secondary transaction in Rapido to facilitate an exit for Swiggy.

Wyzard.ai raises $500K in angel round

EntrackrEntrackr · 1m ago
Wyzard.ai raises $500K in angel round
Medial

Wyzard.ai raises $500K in angel round Wyzard.ai has raised $500,000 in an angel round from industry executives and technology leaders. The round saw participation from Tim Davis (OLX Group), Ambarish Kenghe (Angel One), Bhuvan Gupta (OfBusiness, Oxyzo), Rajul Jain (Increff), Manav Kamboj (PropertyGuru), Andrew Garrihy (ex-Samsung, Vodafone, Qualcomm, Huawei, DiDi), Puja Kapoor (Hero FinCorp), and other angel investors. This is the firm's first external funding after operating in a bootstrapped model. The funds will be used for product development, GTM partnerships, team expansion, and go-to-market growth in the US and EMEA. Founded in 2024 by Rahul Jain, Megha Ohri, Abhishek Tomar, and Jayesh Nair, Wyzard.ai provides a Signal-to-Revenue AI platform for B2B go-to-market teams. The platform consolidates buyer intent signals from GTM systems and automates AI-driven, human-supervised engagement across email, chat, LinkedIn, and voice. It is designed to help sales and marketing teams respond to buyer intent in real-time. Wyzard.ai targets B2B companies looking to reduce delays and manual follow-ups in lead conversion. The product aims to minimize lead leakage, increase conversions, and shorten the sales cycle through always-on GTM orchestration. The company plans to build partnerships with CRM, marketing automation, sales engagement, and data-intelligence platforms to strengthen integrations and expand global reach.

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