We’re excited to announce that Aritra Partners guided IIFL Fintech Fund (IIFL) through Knight FinTech’s landmark $23.6 million Series A funding round. Founded in 2019 by CEO Kushal Rastogi and CBO Parthesh Shah, Knight FinTech delivers cutting-edge AI-native infrastructure for banking and digital lending. Their solutions—spanning co-lending, embedded finance, and treasury management—empower banks, NBFCs, and platforms to innovate efficiently.
About Knight FinTech
Headquartered in Mumbai with offices across India and Singapore, Knight FinTech serves over 85 financial institutions, including 9 of 12 public sector banks and major players like NABARD and ICICI Securities. Their platform manages $5B+ in assets and supports 150+ live partnerships, enabling seamless capital flow through AI-driven tools like Knight Beacon (treasury ops), Knight Utopia (co-lending across loan types), and Knight Aurix (customer-facing lending via apps, WhatsApp, and UPI).
Key strengths include microservices architecture for scalability, embedded risk governance, and compliance (SOC, ISO, CMMI certified), positioning them as the operating layer for India’s collaborative lending market amid a $28.6B embedded finance boom by 2029
Our Role
Aritra Partners’ transaction advisory team: Sumit Nandy and Priyal Gupta conducted comprehensive legal due diligence, negotiated and finalised investment agreements, ensuring a thorough, seamless, and investor-friendly deal closure for Knight FinTech.
