India’s Knight Fintech raises $23.6m Series A

India-based Knight FinTech, a technology provider to banks and financial institutions, has raised $23.6m in a Series A funding round led by Accel. The round included participation from IIFL and Rocket Capital, while existing investors such as Prime Venture Partners, 3One4 Capital, Commerce VC and Trifecta Capital also joined. Knight FinTech said the funding brings its total capital raised to $30m. Mumbai-headquartered Knight FinTech was founded in 2019. As a banking and digital lending infrastructure provider, it provides its clients platforms for co-lending, digital lending, embedded finance and treasury management.