Knight FinTech raises $23.6 million to expand AI banking infrastructure

Mumbai-based Knight FinTech raised USD 23.6 million (around ₹196 crore) in a Series A round led by Accel, with participation from IIFL, Prime Ventures, Rocket Capital and 3one4 Capital. The company serves over 85 financial institutions and has processed more than USD 7 billion in disbursements, aiming to scale AI-led risk and treasury platforms globally.

The Indian startup ecosystem is entering what analysts describe as a “post-RMG” era in 2026, with emerging themes reshaping investment and innovation beyond rapid monetisation growth (RMG) models that dominated prior years. Startups are increasingly emphasising sustainable unit economics, deeper tech adoption, and real world solutions tailored to local and global markets.