Bangalore, India – September 24, 2025: Bangalore-based OnFinance AI, has raised $4.2 million in recent funding to expand its AI-powered compliance and research solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Founded by BITS Pilani alumni Anuj Srivastava and Priyesh Srivastava, the company is already working with marquee clients such as NSE, BSE, ICICI Bank, and HDFC Mutual Fund.
Leveraging NeoGPT, India’s first BFSI-specific Large Language Model (LLM), OnFinance AI is redefining how financial institutions manage regulatory workflows, equity research, and credit underwriting. Its flagship product, ComplianceOS, automates compliance tracking and report generation — reducing manual work by over 100 hours per regulatory update. As per the founder’s stated vision they want to make financial compliance and research not only automated but explainable and trustworthy.“NeoGPT is like having a smart assistant that not only simplifies data but also helps internal teams pave the way for smarter and more efficient decision-making” said Anuj Srivastava. OnFinance AI states that “regulations in BFSI are complex and dynamic,” and that their proprietary AI agents are built to not only interpret regulatory frameworks but also to ensure transparent, explainable, and audit-ready outputs.
The startup’s platform is known for hallucination-resistant responses and alignment with regulations from SEBI, RBI, IRDAI, AMFI, and international authorities — a critical need for BFSI firms navigating compliance across borders.
OnFinance AI plans to use the fresh funding to expand its R&D, hire top-tier AI engineering talent, and scale operations across the MENA region and the United States.
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With its headquarters in HSR Layout, Bangalore, and growing international presence, OnFinance AI is fast becoming a trusted name in AI-led transformation for India’s financial services sector.
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