Fundamento is an agentic AI platform that builds automation solutions for financial institutions
FinTech BizNews Service
Mumbai, October 18, 2025: IIFL Fintech Fund Series–II has announced its first investment in the artificial intelligence space by backing Fundamento, an agentic AI platform that builds automation solutions for financial institutions. The $1.9 million (Rs16 crore) Pre-Series A round, led by IIFL Fintech Fund along with Inflexor Ventures and others, will enable Fundamento to expand its product suite, enhance AI and data capabilities, and scale globally. This investment reinforces IIFL’s commitment to driving innovation in fintech by supporting next-generation companies leveraging AI to transform financial services.
The funding round saw strong interest and participation from institutional investors, network
syndicates, and leading angel investors, underscoring the confidence in Fundamento’s technology
and market impact. The fresh capital raised, will be deployed to enhance Fundamento’s agentic AI
build, with clear verticalization in financial services across collections, upselling, and borrower
profiling. Another area of focus for Fundamento will be to scale multi-agent orchestration, delivering
intelligent voice and cross-channel engagement, enabling seamless communication throughout a
customer’s lifecycle.
After witnessing the transformative impact of Fundamento’s solution, IIFL has taken the ongoing
relationship to the next level by now investing in Fundamento, highlighting the trust and confidence
in the company and its multi-agent AI platform. This customer-to-investor journey highlights
Fundamento’s cutting-edge AI capabilities and its role as a game-changer redefining how financial
institutions engage with borrowers. The funding is a testament to the rapid trust and validation the
platform has earned from not only the industry but, more importantly, its own customers.
Mehekka Oberoi, Fund Manager at IIFL Fintech Fund – Series II, added: “Fundamento stands out
not just for its technology, but for the conviction it has earned from its customers. In a sector where
trust and efficiency are paramount, their platform is redefining borrower engagement and delivering
measurable business impact. We are excited to back a team that is not only solving today’s
challenges but also building the intelligence layer for the future of financial services.”
IIFL Fintech Fund remains committed to investing in innovative startups building the next generation
of financial services. With over 13 investments and multiple successful exits, the fund has
demonstrated strong returns. IIFL Fintech Fund was set up in 2021, with an objective to invest in
early-stage Fintechs that IIFL as a group could collaborate with as well. Over the last four years, the
IIFL Fintech Fund invested across various segments in fintech. The portfolio comprises of – Leegality,
FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance,
Castler, Vitra.Ai, EasyRewardz, Multipl, Riskcovry, TrustCheckr (sold to True Caller).
Ankit Durga, Founder & CEO, Fundamento, said: “At Fundamento, we’ve stayed deeply focused on
solving problems for the financial services sector.
From day one, we’ve been RoI-obsessed, challenging ourselves to deliver measurable value in very short timeframes. The fact that some of our own customers have chosen to back this round is both humbling and validating; its a true testament to how customer-obsessed our journey has been.
While AI voice agents were our starting point, we are now building deep vertical models and moving towards the next generation of customer journeys powered by multi-channel autonomous orchestration. This evolution will enable financial enterprises to dramatically shift business metrics while keeping costs firmly under control.”
George Burrough, Principal at The Players Fund, said: “We are backing Fundamento because they have
cracked something hard - sophisticated AI voice agents that actually work globally and across India's
diverse languages and dialects, already delivering proven ROI for unicorn financial institutions. The
founding team's execution ability, combined with strategic backing from India's leading tech
founders, positions them perfectly for international expansion where our athlete + investor network
can open doors.”
Over the next year, Fundamento aims to expand its AI footprint in India’s BFSI sector with marquee
enterprise customers, while also entering new international markets. The company is targeting the
US and APAC regions, where debt collections, digital lending adoption, and financial services
innovation present significant opportunities for its multi-agentic AI platform.
