BFSI-Focussed AI Startup OnFinance Raises $4.2 Mn

OnFinance AI has raised $4.2 Mn (about INR 37 Cr) in its pre-Series A round led by Peak XV’s Surge

The round also saw participation from Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, Shyamal Hitesh Anadkat, head of Applied AI at OpenAI, along with existing backers Indian Angel Network and Silverneedle Ventures

The startup will use the capital to expand contracts with Indian clients, foray into the US and MENA markets, and double down on…