Knight FinTech has raised $23.6 million, equivalent to about ₹215 crore, in a Series A funding round led by Accel, as per news reports.
The round saw participation from IIFL and Rocket Capital, along with existing investors Prime Venture Partners, 3one4 Capital, Commerce VC and Trifecta Capital. Following this round, the company’s total funding stands at over $30 million.
The newly raised capital will be used to expand product capabilities across automated credit underwriting, risk assessment, fraud detection, early warning systems, portfolio analytics and debt recovery.
Knight FinTech is also planning to expand into markets in the Middle East and Asia-Pacific, where financial institutions are adopting digital lending and treasury platforms.
The company functions as a backend provider and does not directly deal with retail borrowers. Its platforms are used for co-lending, digital lending, embedded finance and treasury management.
Knight FinTech’s systems are to support credit origination, disbursement, servicing and portfolio tracking for regulated financial institutions.
Over the past 3 years, Knight FinTech has facilitated cumulative loan disbursements of more than $7 billion. It currently manages over $5 billion in active assets under management.
The company adds close to $1 billion in loan disbursements every quarter and has reported year-on-year growth of 120% for three consecutive years. Its treasury systems manage assets worth more than $125 billion.
Knight FinTech was founded in 2019 by Kushal Rastogi and operates as a technology infrastructure provider for the lending sector.
The company builds systems used by banks, non-banking financial companies and financial platforms to manage lending and treasury operations.
Parthesh Shah is the co-founder and chief business officer. Knight FinTech is headquartered in Mumbai and has operations in Singapore.
As part of its international plans, former Infosys Finacle global chief executive Sanat Rao has joined as an investor and board advisor. Knight FinTech said it is targeting revenue of $85–100 million and plans to scale assets under management beyond $50 billion over the next four years.
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Published on: Jan 3, 2026, 10:05 AM IST
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