Account aggregator Finvu secures $15 million from WestBridge Capital, existing investors

Finfactor, the parent entity of account aggregator Finvu, has raised $15 million in a funding round led by global investment major WestBridge Capital, with participation from existing investors Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund.

Co-founded by ex-HSBC senior executives Manoj Alandkar and Munish Bhatia, Pune-based Finvu was one of the first account aggregators to be licensed by the RBI. The company says it has served over 50 million consumers, processing their financial data.

The company works with banks, insurers, stockbrokers,…