India, Jan. 2 -- AI-based banking and lending infrastructure provider Knight FinTech has raised $23.6 Mn (around INR 196 Cr) in its Series A round led by Accel, along with participation from IIFL, Rocket Capital, Prime Ventures, 3one4 Capital, Commerce VC, and Trifecta Capital.

In a statement, the startup claimed that it bagged the funding at a soonicorn valuation. However, it didn't disclose the exact valuation.

The Mumbai-based startup plans to deploy the fresh capital to scale AI-first innovation in risk intelligence, automated credit underwriting, data analytics, and portfolio monitoring technologies. Besides, it also plans to expand its international footprint to the Middle East and Asia-Pacific.

As part of this expansion plan, Kn...