OnFinance AI raises $4.2 Mn led by Peak XV’s Surge

OnFinance AI, a generative AI platform purpose-built for the Banking, Financial Services, and Insurance (BFSI) sector, has raised $4.2 million in a Pre-Series A funding round. The round was led by Peak XV’s Surge, with participation from Shyamal Hitesh Anadkat, Groww Founders’ Fund, MarsShot VC (Razorpay Founders’ Fund), Climber Capital, and existing investors Indian Angel Network (IAN) and Silverneedle Ventures (SNV).

The Bengaluru-based startup had previously raised $1.05 million in a seed funding round from Haystack and others. The fresh…