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FinTech Unicorn Secures $30M for AI Lending
2 Jan
Summary
- Knight FinTech raised over $30 million in funding led by Accel.
- Platform manages $125 billion in assets and supports 150 partnerships.
- Expansion to Middle East and APAC planned with new advisor onboard.
Knight FinTech, an AI-driven infrastructure provider for banking and digital lending, has secured over $30 million in a multi-tranche Series A funding round. Led by Accel, the investment will accelerate the company's AI product roadmap, focusing on enhanced risk intelligence and automated credit underwriting. The platform currently supports 150 partnerships across 85 lenders, facilitating significant credit disbursements and managing substantial assets.
Founded in 2019, Knight FinTech empowers banks and financial platforms to scale co-lending, digital lending, and embedded finance solutions. The company's technology operates behind the scenes, managing credit workflows, risk assessment, and capital deployment. As of the current reporting period, it manages over $125 billion in treasury assets and continues to see substantial quarterly growth in disbursements.
With this new capital, Knight FinTech is poised for international expansion into the Middle East and APAC regions. To support this global growth, the company has welcomed Sanat Rao, former Global CEO of Infosys Finacle, as an investor and board advisor, signaling a strategic move towards broader market reach.
