Ignosis, India’s leading enterprise-first Account Aggregator (AA) infrastructure and financial data intelligence platform, has raised $4 million in a Pre-Series A round led by Peak XV’s Surge, with participation from Force Ventures, Razorpay Ventures, Cred’s Kunal Shah, and other existing investors.

Founded in 2022 and headquartered in Ahmedabad, Ignosis is tackling systemic challenges in India’s financial ecosystem, where over 160 million consumers remain credit underserved and nearly 80% of MSMEs lack access to formal credit. By leveraging the RBI’s Account Aggregator framework, Ignosis enables financial institutions to underwrite, advise, and serve customers with confidence, driving the next wave of financial inclusion.

Co-founder & CEO Nirav Prajapati highlighted that AA is set to become the default rails for secure, consent-driven financial data sharing, just as UPI became the rails for digital payments. Co-founder & CTO Chintan Sheth added that Ignosis is using AI-powered financial data intelligence to move BFSI beyond legacy bank statement analytics, enabling accurate income detection, risk underwriting, fraud detection, and hyper-personalised services.

The fresh capital will fuel growth in engineering, compliance, and AI innovation, including the development of finance-specific LLMs and agentic AI use cases.