Finarkein Analytics
Category: AI in Fintech
Finarkein provides a data analytics platform that helps BFSI companies build intelligent, data-driven solutions leveraging India's digital public infrastructure. Finarkein Analytics was founded in 2019. The company is led by Nikhil Kurhe. Based in Pune, India. Team size: 51-200. Total funding raised: $5.8M. Latest round: Pre-Series A. Key investors include DSP Group Family Office, IIFL Fintech Fund, Nexus Venture Partners, Eximius Ventures.
- Founded
- 2019
- Headquarters
- Pune, India
- Team size
- 51-200
- Total funding
- $5.8M
Value proposition
To enable companies to build intelligent, data-driven solutions for financial services distribution, leveraging open data ecosystems like Account Aggregator (AA), ONDC, and OCEN.
Products and solutions
Flux
Unique value
Finarkein is unique in its focus on building on top of India's Digital Public Infrastructure (DPI) like the Account Aggregator, ONDC, and OCEN, to facilitate consent-based data sharing and drive innovation in financial services.
Target customer
BFSI (Banking, Financial Services, and Insurance) companies.
Industries served
Financial Services, Insurance, Healthcare, Commerce
Technology advantage
Their key advantage is their deep expertise in the Indian DPI ecosystem and their 'Flux' platform, which acts as a workflow orchestration and data analytics layer, simplifying the development of new financial products and services for their clients.
How they differentiate
Finarkein focuses on being a Technology Service Provider (TSP) for the Account Aggregator (AA) ecosystem, offering AI/ML-powered analytics and data-driven solutions for BFSI companies. This is a step beyond basic AA services.
Main competitors
PhonePe, CAMSfinserv, Cookiejar Technologies
Key partnerships
Max Life Insurance, Trackk, 1 Finance, UTI Mutual Fund, Muthoot Housing Finance
Notable customers
6 of top 10 banks & lenders in India, Trackk, 1 Finance, UTI Mutual Fund, Muthoot Housing Finance
Major milestones
Became a certified Technology Service Provider (TSP) within the Account Aggregator ecosystem., Secured Pre-Series A funding., Expanded services to the Digital Health sector.
Growth metrics
Not publicly available
Market positioning
Finarkein is positioned as a B2B infrastructure and analytics provider for India's open finance ecosystem, leveraging frameworks like Account Aggregator (AA), ONDC, and OCEN.
Geographic focus
India
Patents and IP
Information on patents is not publicly available.
About Nikhil Kurhe
Nikhil Kurhe has extensive experience in the fintech and data analytics sectors. Prior to co-founding Finarkein, he was a Product Manager at Refinitiv, where he focused on real-time market data products. He also held roles at Symphony Teleca and was a co-founder of Gumption Labs, showcasing his background in both established financial data firms and entrepreneurial ventures.
Official website: https://finarkein.com/