Agentic AI platform Fundamento has announced the successful closure of a USD 1.9 million pre Series A funding round led by IIFL Fintech Fund. The investment round saw participation from The Players Fund, backed by international cricketers KL Rahul and Ben Stokes, alongside Venture Catalysts, Lead Invest, Epic Angels, and several prominent angel investors.
Strategic Investment for AI Enhancement
The newly acquired capital will enable Fundamento to bolster its agentic AI technology infrastructure, with particular emphasis on three critical areas within financial services: automated collections management, strategic upselling capabilities, and sophisticated borrower profiling systems. These enhancements are designed to address the evolving needs of modern financial institutions seeking to optimize their operational efficiency while maintaining high quality customer engagement.
Company Background and Mission
Established in 2020 by co-founders Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento has positioned itself as a specialized provider of artificial intelligence solutions tailored for the lending ecosystem. The platform functions as an intelligent engagement layer, bridging the gap between financial institutions and borrowers through technology driven interactions.
The startup’s solutions cater to a diverse clientele including traditional banks, non banking financial companies, and emerging fintech enterprises. By integrating advanced AI capabilities with deep domain knowledge, Fundamento enables these organizations to refine their lending workflows, reduce operational friction, and deliver customized experiences to their customer base.
Growth Trajectory and Expansion Strategy
This funding round follows Fundamento’s earlier seed investment of USD 1.56 million, which included participation from Caesar Sengupta, the former Google executive known for his work in emerging markets and digital payments. The cumulative capital raised demonstrates investor confidence in the company’s technological approach and market potential.
Looking forward, Fundamento has outlined an ambitious growth strategy encompassing both domestic market penetration and international expansion. The company aims to strengthen its foothold within India’s robust banking and financial services industry while simultaneously exploring opportunities in North American and Asia-Pacific markets, regions experiencing accelerated adoption of digital lending infrastructure and AI-driven debt management solutions.
This investment underscores the growing recognition of artificial intelligence as a transformative force in financial services operations.
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