Fintech startup Finarkein has raised $1.5 million in an extended pre-Series A round, a mix of primary and secondary investments. The funding was led by DSP Group Family Office, with participation from existing investors.

The Pune-based startup, which previously raised $5.78 million in seed funding from Nexus Venture Partners, plans to utilize the latest infusion to strengthen its data privacy, security, and compliance initiatives as its data products continue to power India’s financial markets.

Founded in 2019 by Nikhil Kurhe, Dheeraj Kumar, Aakash Narendra Agrawal, and Pradip Machindra Waghmare, Finarkein operates at the intersection of open finance, data intelligence, and AI infrastructure. The company supports over 100 BFSI enterprises, helping them leverage India’s Account Aggregator (AA) framework, OCEN, and ONDCFS to build scalable financial products and services.

“Our platform continues to be a market leader in the Account Aggregator space, offering best-in-class experiences combined with privacy-preserving technologies, which is vital in the data space,” said Nikhil Kurhe, CEO and Co-Founder of Finarkein.

Finarkein’s technology suite includes products like OpenDataOS, the Flux platform, and Smart Collect, enabling businesses to harness data from multiple sources efficiently. With this latest round, the company aims to reinforce its position as a leading provider of secure, compliant, and intelligent data infrastructure solutions in India’s rapidly evolving fintech ecosystem.