Finfactor, the company behind Finvu Account Aggregator, has secured a fresh investment of $15 million in its latest funding round. The round was led by WestBridge Capital and supported by existing investors including Varanium Capital, DMI Sparkle Fund and IIFL Fintech Fund. The new capital marks an important milestone for the company as it plans to scale its technology, expand its financial products and accelerate the adoption of India’s fast-growing Account Aggregator ecosystem. With digital finance becoming mainstream across banks and fintech firms, this funding arrives at a crucial moment for Finfactor’s expansion journey.
Expanding Finvu’s Role in India’s Digital Finance System
Finvu Account Aggregator is one of the first RBI-licensed Account Aggregators in India. It operates as a secure digital bridge that allows users to share their financial data with banks, lenders or wealth managers only after giving clear consent. In simple terms, Finvu AA helps bring all user financial information, which is usually scattered across multiple banks and institutions, into a single system that can share the information safely and instantly when required. This eliminates paperwork, delays and manual verification. Finvu already supports more than fifty million users and works with over one hundred and fifty financial institutions, including major banks, NBFCs and fintech companies. With such a wide reach, Finvu has become an essential part of India’s open-finance movement, which aims to make financial services faster, transparent and more accessible.
Building New Tools and Enhancing the Tech Stack
With the fresh funding, Finfactor plans to expand into additional financial-technology solutions that go beyond account aggregation. The company will strengthen its data-analytics engine to help banks and fintechs make smarter decisions in lending, insurance and wealth management. Better analytics will allow lenders to assess risks more accurately and help wealth managers provide personalised advisory services. Finfactor also aims to improve its infrastructure to support higher volumes of data requests and reduce processing time, making the entire system smoother for both institutions and customers. The company intends to hire more experts across engineering, analytics and operations to scale up its platform across new financial categories.
Long-Term Impact on Banks, Fintech Startups and Users
Finfactor’s growth has significant implications for India’s financial services industry. Banks and financial companies often struggle to access complete and verified financial data when evaluating customers. Finvu simplifies this by delivering accurate, consent-based data instantly, which leads to faster loan approvals, reduced fraud and better user experience. For individuals, the change is even more meaningful. They no longer need to submit photocopies, statements or physical documents. Instead, they can simply approve a request digitally and allow their data to be shared securely. This makes financial processes faster and stress-free, especially for first-time borrowers, gig workers and small business owners who often face delays due to paperwork.
Setting the Stage for India’s Open-Finance Future
As India continues to embrace digital financial systems, the demand for reliable Account Aggregator solutions is rising quickly. Finfactor aims to strengthen its position as a key technology partner for banks, NBFCs and fintech firms. With the new funding, the company is preparing for deeper expansion across lending, insurance and wealth-tech segments. The move also signals growing investor confidence in open-finance platforms that prioritise security, transparency and user consent. Finfactor’s next phase of growth is expected to accelerate innovation and make financial services more inclusive and connected for millions of Indians.