Knight Fintech has raised $23.6 million in a Series A funding round led by Accel, with participation from IIFL and Rocket Capital. The round also included continued backing from existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital, taking the company’s total capital raised to $30 million.
The company stated that the fresh capital will be used to enhance its product capabilities and support international expansion, with a focus on markets across the Asia Pacific region and the Gulf.
Founded in 2019, Knight Fintech develops core banking and lending infrastructure that connects banks, NBFCs, platforms, and borrowers, enabling efficient capital flow across the financial ecosystem. Its product portfolio covers co-lending, digital lending, embedded finance, and treasury management.
Knight Fintech’s co-lending technology enables banks and large NBFCs to partner with multiple financial institutions to originate, distribute, and manage loan portfolios at scale. The platform is currently used by institutions including Bank of Baroda, Bank of India, ICICI Securities, IIFL Finance, Bajaj Auto, Muthoot Fincorp, and NABARD.
According to the company, it supports over 150 partnerships across 85 lenders and has facilitated more than $7 billion in loan disbursements to date. Its treasury management platform oversees liquidity, risk, borrowings, and investments, with assets worth over $125 billion flowing through the system, while more than $5 billion in active assets are managed on its lending infrastructure.
Looking ahead, Knight Fintech aims to scale annual revenues to $85–100 million over the next four years and expand assets under management beyond $50 billion through deeper penetration in India and overseas markets.
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