India, Sept. 30 -- Fintech startup Ignosis has raised $4 Mn in its pre-Series A round led by Peak XV Partners' Surge, with participation from Razorpay Ventures, Force Ventures, CRED's Kunal Shah and existing investors.

The startup plans to use the fresh capital to expand its AI product roadmap, scale enterprise adoption and deepen its governance and compliance efforts. Cofounder and CEO Nirav Prajapati told Inc42 that compliance is as important as scale in a sector where consumer trust and data protection are critical.

Founded in 2022 by Prajapati and Chintan Sheth, Ignosis is an account aggregator infrastructure and financial data intelligence platform that helps banks, NBFCs, insurers and wealth managers take more accurate underwritin...