Enterprise messaging startup Fyno bags $4 Mn in seed round

Enterprise messaging platform Fyno  has secured $4 million in a seed funding round co-led by Arkam Ventures and 3one4 Capital.

The proceeds will be used to strengthen its AI capabilities, scale go-to-market efforts in India and other emerging markets, deepen product functionality, build a hybrid infrastructure, and support large-scale transformation and enterprise deployments, Fyno said in a press release.

Co-founded in 2022 by Aniketh Jain and Ashish Agarwal, Fyno has built a compliance-first communication infrastructure designed for banks, financial services, and NBFCs. The platform unifies integration, orchestration, and analytics across more than eight channels including SMS, WhatsApp, email, push notifications, and voice.

As per market research, the India CPaaS (communication-platform-as-a-service) market is estimated at $1.01 billion in 2025 and is projected to grow by 3x in the next five years.

“We officially exited stealth mode after 24 months of product development and 12 months of successful platform implementation with early customer adoption. We expect to reach $2 million in revenue by FY25–26 and $5 million by FY26–27, driven by rising adoption in the BFSI sector," said Aniketh Jain, co-founder of Fyno.

In 2025, Fyno claims to have processed over five billion communications across multiple channels. Since inception, it has signed on 45 banks, NBFCs, and fintech clients, including Karnataka Gramin Bank and Lendingkart, becoming integral to customer onboarding, KYC, transaction alerts, and compliance-driven messaging. 

The company aims to double its customer base in the next 18 months and is in advanced discussions with more than 10 additional banks and several leading financial institutions. The platform ensures every message adheres to RBI, SEBI, TRAI, and DPDP mandates, while helping institutions reduce messaging costs by 20–30% and cut engineering effort by over 90%. It is trusted by Karnataka Gramin Bank, Kerala Gramin Bank, LendingKart, Protium, and Scripbox.

It may directly or indirectly compete with the other notable players in this space such as Courier, knock , and Axiom by Sinch.