Fundamento, an agentic AI platform focused on financial services, has secured $1.9 million (around ₹16 crore) in a pre-Series A funding round led by IIFL Fintech Fund. The round also saw participation from The Players Fund (backed by cricketers KL Rahul and Ben Stokes), Venture Catalysts, Lead Invest, Epic Angels, and several other angel investors.
This comes after Fundamento’s earlier seed round of $1.56 million, which included investments from Caesar Sengupta and others.
According to the company, the fresh capital will be used to strengthen its agentic AI infrastructure, with a focus on verticalizing solutions for financial services such as collections, upselling, and borrower profiling.
Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento builds AI-driven engagement solutions for financial institutions. Its intelligent platform serves as a strategic interaction layer that helps banks, NBFCs, and fintechs optimize lending operations, enhance efficiency, and deliver more personalized borrower experiences.
By integrating deep industry knowledge with advanced AI capabilities, Fundamento enables financial organizations to create smarter, faster, and more data-informed borrower journeys, thereby improving outcomes across the lending value chain.
Looking ahead, the company plans to expand its presence in India’s BFSI ecosystem by onboarding marquee enterprise clients while exploring new markets across the US and APAC regions, where rising demand for AI-led debt collection and lending innovation presents major growth potential.
Over the past four years, the IIFL Fintech Fund has made several investments across the fintech space. Its portfolio includes Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance, Castler, Vitra.Ai, EasyRewardz, Multipl, Riskcovry, and TrustCheckr (acquired by Truecaller).
