Indian banking and digital lending infrastructure startup Knight FinTech has raised $23.6 million in a Series A funding round led by global venture capital firm Accel. The round also saw participation from other institutional and strategic investors.
Founded to power banks, NBFCs, and fintech companies with modern technology infrastructure, Knight FinTech focuses on enabling seamless digital lending, credit underwriting, and banking operations through its platform. The startup provides end-to-end infrastructure that helps financial institutions launch and scale lending products faster while remaining compliant with regulatory requirements.
According to the company, the newly raised capital will be used to expand its product capabilities, strengthen engineering and data science teams, and scale partnerships with banks and financial institutions across India. Knight FinTech also plans to invest in improving its risk assessment, fraud detection, and compliance layers as demand for digital lending solutions continues to rise.
