Fundamento, an agentic AI platform for the financial services sector, has raised $1.9 million (₹16 crore) in a pre-Series A funding round led by IIFL Fintech Fund. The round also saw participation from The Players Fund (backed by cricketers KL Rahul and Ben Stokes), Venture Catalysts, Lead Invest, Epic Angels, and other angel investors.
Prior to this, Fundamento had raised $1.56 million in seed funding from Caesar Sengupta and other investors. The fresh capital will be used to enhance its AI capabilities, focusing on collections, upselling, and borrower profiling for banks, NBFCs, and fintech firms.
AI-Powered Borrower Engagement
Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento specializes in intelligent borrower interaction solutions. Its agentic AI platform serves as a strategic engagement layer, enabling financial institutions to streamline lending operations, increase efficiency, and deliver personalized borrower experiences.
By combining deep domain knowledge with advanced AI, Fundamento helps enterprises optimize the lending lifecycle, from borrower acquisition and digital lending to debt collection and customer retention.
Expansion Plans
Over the next year, Fundamento aims to scale its AI platform across India’s BFSI sector while exploring international markets in the US and APAC regions, where digital lending and collections present strong growth opportunities.
IIFL Fintech Fund Portfolio
The IIFL Fintech Fund, known for investing across diverse fintech segments, backs startups such as Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance, Castler, Vitra.Ai, EasyRewardz, Multipl, Riskcovry, and TrustCheckr (acquired by Truecaller).
With its latest funding, Fundamento is positioned to advance agentic AI adoption in financial services, driving smarter, faster, and more personalized borrower engagement across domestic and global markets.
By: Arushi Agarwal
