Ignosis raises $4 Mn in pre-Series A led by Peak XV’s Surge

Ignosis, an enterprise-first Account Aggregator (AA) infrastructure and financial data intelligence platform, has raised $4 million in pre-Series A funding round led by Peak XV’s Surge along with participation from Force Ventures, Razorpay Ventures, Kunal Shah of Cred and other existing investors.

Prior to this, the Ahmedabad-based startup had raised $1.49 million from Angel List and others.

The capital will be deployed to scale its engineering, business, and compliance teams in support of customers, and key growth priorities include driving hyper-personalisation through financial data intelligence and building finance-specific LLMs and agentic AI use cases for BFSI, Ignosis said in a press release.

Co-founded in 2022 by Nirav Prajapati and Chintan Sheth, Ignosis’ AI analytics platform provides accurate income verification, intelligent collections, spend analysis, portfolio/wealth insights, hyper-personalised nudges along with risk and fraud signals.

Ignosis tackles the systemic challenges holding back India’s financial data ecosystem. Despite rapid digitisation, more than 160 million 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. It addresses these critical gaps with its Account Aggregator (AA) infrastructure and financial data intelligence platform.

.”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,” said Nirav Prajapati, co-founder and CEO, Ignosis.

According to Ignosis, it builds on RBI- and DPDP-compliant DPI rails including AA, OCEN, and ONDC-FS to empower over 300 million underserved Indians with faster, safer, and more inclusive access to credit, wealth, and insurance.