Knight Fintech Raises $23.6 Million to Power the Next Phase of Banking Infrastructure

Knight Fintech, a Mumbai-headquartered banking infrastructure startup, has raised $23.6 million in a fresh funding round led by Accel, with participation from IIFL and Rocket Capital.

The round also saw continued backing from existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital, signalling strong conviction in Knight Fintech’s role as a core infrastructure provider within India’s evolving financial system.

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Building the Backbone of Modern Banking

Founded in 2019, Knight Fintech operates firmly behind the scenes of the fintech ecosystem. Unlike consumer-facing fintech apps, the company focuses on institutional-grade infrastructure that enables:

• Co-lending and loan partnerships
• Embedded finance workflows
• Treasury and balance-sheet management
• Capital flow between banks, NBFCs, platforms, and borrowers

At the heart of its offering is a co-lending technology stack that allows banks and large NBFCs to seamlessly collaborate with other financial institutions. As India’s lending ecosystem moves toward partnership-led models, this infrastructure has become increasingly critical.

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Strong Adoption Across Financial Institutions

Knight Fintech already works with some of India’s most prominent financial institutions, including:

• Bank of Baroda
• Bank of India
• ICICI Securities
• IIFL Finance
• Bajaj Auto
• Muthoot Fincorp
• NABARD

The platform currently supports:

• 150+ active partnerships
• 85 lenders
• $7 billion+ in cumulative loan disbursements
• $5 billion+ in active loan assets under management

These numbers underline Knight Fintech’s growing importance within India’s lending infrastructure.

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Treasury and Risk Management at Scale

Beyond lending infrastructure, Knight Fintech has built a comprehensive treasury management platform for banks and large financial institutions.

Its treasury software helps manage:

• Liquidity and borrowings
• Investments and capital allocation
• Market and balance-sheet risk

According to the company, its platform currently manages over $125 billion in assets, making it a mission-critical system for institutions operating under tight regulatory and risk constraints.

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Use of Funds and Global Expansion Plans

Knight Fintech plans to deploy the fresh capital to:

• Strengthen product capabilities and platform resilience
• Scale infrastructure to handle larger institutional volumes
• Expand internationally across Asia-Pacific and Gulf markets

These regions are witnessing rapid banking modernisation, regulatory reforms, and increasing adoption of co-lending and embedded finance models, making them natural expansion targets.

Looking ahead, Knight Fintech has set ambitious goals:

• $85–100 million in annual revenue
• $50 billion+ in assets under management
• Target timeline: next four years

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Financial Snapshot

As per filings with the Ministry of Corporate Affairs:

• FY25 revenue: ₹31.5 crore
• Net loss: ₹16 crore

The losses reflect continued investment in technology, compliance, and expansion — typical of infrastructure-led fintech businesses at this stage of growth.

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Why Knight Fintech Matters

As India’s financial system becomes more digital, collaborative, and regulation-driven, backend infrastructure is emerging as the real bottleneck — and opportunity.

Knight Fintech sits at the intersection of:

• Banking modernisation
• Co-lending and capital efficiency
• Institutional-grade risk and treasury management

Rather than chasing consumer scale, the company is quietly becoming part of the plumbing of modern finance.

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Final Takeaway

Knight Fintech’s $23.6 million fundraise underscores a clear investor thesis: the future of fintech will be built on strong infrastructure, not just flashy apps.

With deep institutional relationships, large-scale asset flows, and global ambitions, Knight Fintech is positioning itself as a long-term enabler of how capital moves — in India today, and globally tomorrow.