Knight FinTech Crosses Soonicorn Mark After $23.6M Series A

As India’s financial system pushes deeper into digital credit, the most consequential companies are often the least visible. Knight FinTech, a banking and lending infrastructure provider, fits squarely into that category.

The company has raised $23.6 million (₹215 crore) in a Series A round led by Accel, with participation from IIFL and Rocket Capital, and continued backing from Prime Venture Partners, 3one4 Capital, Commerce VC, and Trifecta Capital. The latest tranche takes Knight FinTech’s total funding to over $30 million (₹270+ crore), positioning it as one of the earliest “soonicorn” contenders of 2026.

Beyond the milestone label, the funding reflects growing investor focus on financial infrastructure platforms that sit beneath consumer-facing fintech, quietly enabling banks, NBFCs, and platforms to lend, manage risk, and deploy capital at scale.

Solving for the Hard Part of Credit

Credit demand in India has rarely been the problem. The constraint has been infrastructure: systems that can evaluate risk consistently, support multiple lending models, and operate within regulatory guardrails as volumes scale.

Founded to address that gap, Knight FinTech operates as an infrastructure layer connecting lenders, platforms, and borrowers. Its technology supports co-lending, digital lending, embedded finance, and treasury management, allowing financial institutions to launch and scale credit products without rebuilding their internal systems.

The company’s platforms currently power more than 150 partnerships across 85 lenders, supporting credit flows across retail, MSME, and agriculture segments. Over the past three years, Knight FinTech has facilitated more than $7 billion in cumulative disbursements and manages over $5 billion in active assets under management. Quarterly disbursements are now approaching $1 billion, with the company reporting sustained 120 per cent year-on-year growth during this period.

Treasury Moves From Support Function to Core Infrastructure

While digital lending often draws attention, treasury operations are emerging as a parallel growth driver. As lenders expand balance sheets and diversify funding sources, the ability to manage liquidity, market risk, borrowings, and investments has become central to execution.

Knight FinTech’s treasury platform currently manages over $125 billion in assets, reinforcing its position as a core infrastructure provider rather than a point-solution vendor. The integration of lending and treasury workflows allows institutions to align credit growth with capital management, an increasingly important requirement in a tighter funding environment.

Institutional Adoption Over Consumer Visibility

Knight FinTech’s client base includes Bank of Baroda, Bank of India, UCO Bank, ICICI Securities, IIFL Finance, Kotak Prime, Bajaj Auto, Muthoot Fincorp, NABARD, and NSDL Payments Bank, among others.

The common thread across these partnerships is institutional adoption rather than consumer brand-building. Knight FinTech’s systems typically operate in the background, embedded into lender workflows, where reliability, compliance, and uptime matter more than user-facing features.

This infrastructure-first approach has helped the company establish a significant presence in digital co-lending and treasury automation, while continuing to expand its universal digital lending platform.

AI as an Enabler, Not a Layer of Abstraction

The fresh capital will be used to strengthen Knight FinTech’s AI-native roadmap, with a focus on operational outcomes rather than experimentation.

Planned investments include:

• Risk intelligence and fraud detection

• Automated credit underwriting

• Early warning systems and portfolio monitoring

• Technology-led debt recovery workflows

These capabilities are designed to make lending systems more predictive and interoperable as transaction volumes and portfolio complexity increase.

Speaking on the funding, he said, “We chose to keep innovation and client obsession at the centrepiece while building business with strong unit economics, market resilience, reliable systems, and long-term valued partnerships. Knight FinTech is a multi-engine platform. Co-lending and treasury are already operating at a meaningful scale, while embedded finance and digital lending are accelerating rapidly. As all four engines come together, our ambition is to build category leadership across every segment we operate in, while staying deeply focused on execution quality and partner outcomes.”

The emphasis on execution and predictability reflects a broader shift in enterprise fintech, where AI is increasingly evaluated by its impact on risk and cost rather than novelty.

Expanding Beyond India

Alongside domestic scale-up, Knight FinTech is preparing for expansion across the Middle East and APAC regions. These markets share similarities with India in terms of credit demand and regulatory complexity but often lack interoperable digital lending infrastructure.

To support this next phase, the company has onboarded as an investor and board advisor. His experience in scaling global banking platforms adds institutional perspective as Knight FinTech works with larger lenders and navigates cross-border expansion.

A Long-Term Bet on Financial Infrastructure

Looking ahead, Knight FinTech plans to grow revenues to $85–100 million and expand assets under management beyond $50 billion over the next four years, while deepening its role as a preferred BankingTech partner for financial institutions.

Internally, the company says it is investing in leadership depth and organisational structure to support scale without compromising execution discipline, a challenge many infrastructure startups face as they move from growth to maturity.

The larger takeaway from Knight Fintech’s Series A is not the funding number alone, but what it represents. As India’s fintech ecosystem matures, capital is increasingly flowing toward companies building the underlying systems that make credit safer, more predictable, and easier to deploy at scale.

In that sense, Knight FinTech’s rise reflects a broader evolution underway in financial technology, one where infrastructure, not interfaces, defines long-term impact.