OnFinance funding, investors and company details

OnFinance is an emerging Financial Services - Fintech startup from Bengaluru, working in the space of generative AI for the Banking, Financial Services, and Insurance (BFSI) sector. Founded by generative AI platform, Priyesh Srivastava.

Company: Mindweave Transformers Private Limited
Sector: Financial Services - Fintech
Location: Bengaluru
Founders: generative AI platform, Priyesh Srivastava
Total funding raised: ₹40.65 Cr

Company overview

OnFinance AI is a Bangalore-based fintech startup specializing in generative AI for the Banking, Financial Services, and Insurance (BFSI) sector. Founded by BITS Pilani graduates, the company developed NeoGPT, India’s first BFSI-specific Large Language Model. Its flagship product, ComplianceOS, automates compliance monitoring, streamlines regulatory tracking, and generates audit-ready reports, saving compliance teams over 100 hours per regulatory update. OnFinance AI ensures AI responses are explainable, reliable, and aligned with regulations from SEBI, RBI, IRDAI, and AMFI. The company has major clients including NSE, BSE, ICICI Bank, and HDFC Mutual Fund, and plans global expansion.

Funding rounds

Latest round (Pre Series A): $ 4.20 Mn (₹40.65 Cr.). Investors: Shyamal Hitesh Anadkat, groww Founders’ Fund, Mars Shot Ventures, Climber Capital, Indian Angel Network (IAN), Silverneedle Ventures