Indian digital lending infrastructure provider Knight FinTech has raised $23.6 million in a Series A funding round, strengthening its plans to scale AI-powered financial solutions and expand into international markets.
The round was led by Accel, with participation from IIFL and Rocket Capital, along with existing investors including Prime Venture Partners, 3one4 Capital, Commerce VC and Trifecta Capital.
Founded by Kushal Rastogi, Knight FinTech provides technology infrastructure that supports banks and lenders in managing credit risk, underwriting and loan operations through automation and data intelligence. The company has positioned itself as a backend technology partner for digital lending platforms.
The newly raised capital will be used to enhance its AI-driven product suite, which includes risk intelligence tools, automated credit underwriting systems, fraud detection solutions, portfolio monitoring platforms and digital debt recovery infrastructure.
Knight FinTech also plans to use the funding to expand into the Middle East and Asia-Pacific markets, where demand for digital lending infrastructure and compliance-ready platforms is rising rapidly.
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A company executive said the funding will help strengthen product capabilities and support international growth initiatives as financial institutions increasingly shift toward automated and data-driven lending operations.
With this round, Knight FinTech aims to deepen its presence in India while positioning itself as a global infrastructure partner for next-generation lending ecosystems.
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