Bengaluru, India
OnFinance AI is a startup leveraging Generative AI to deliver explainable, secure, and cutting-edge products within the banking, wealth management, and insurance sectors. Founded in 2022 by graduates of BITS Pilani with previous experience at institutions like HSBC, Barclays, and Credit Suisse, the company's flagship offering, NeoGPT, is India's first BFSI LLM, aiming to redefine the financial sector through Generative AI.
OnFinance AI offers secure on-premises AI Copilots powered by NeoGPT, designed for internal teams at various institutions, enhancing efficiency in functions such as Equity Research, Credit Underwriting, Compliance, Wealth advisory, Market Research, Sales, and Customer Support. The company's client base includes entities like National Stock Exchange (NSE), Oister Global, and LetsVenture.
Backed by prominent tech investors including Silverneedle Ventures, IAN, LV Fund, SSV Fund, and Kunal Shah (CRED), OnFinance AI has also been incubated by organizations like JioGenNext, T-Hub, IFSCA, PayU, and ICICI Bank. The company recently secured a Seed Round investment on 16 February 2024 with the participation of JioGenNext.
Recognitions such as being featured in Forbes Asia's 30 under 30, acknowledged as an "AI First Mover" by Microsoft, and inclusion in Inc42's "Top 30 Hottest Startups to Watch: 2023 Edition" further highlight OnFinance AI's prominence. Additionally, the company has obtained ISO 27001 certification and is SOC 2 Type II compliant, underlining its commitment to industry-leading security standards.
Operating at the intersection of AI, Fintech, and SaaS, OnFinance AI is primed to lead the transition towards an AI-driven future. With a strong foundation, notable partnerships, and strategic investor backing, OnFinance AI is poised for further growth and impact within the industry.
