Agentic AI platform Fundamento raises $1.9 million in funding led by IIFL Fintech Fund, others

Agentic AI platform Fundamento has raised $1.9 million (about Rs 16 crore) in a pre-Series A funding round led by the IIFL Fintech Fund, with participation from The Players Fund, Venture Catalysts, Lead Invest, and other investors.

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The startup plans to use the fresh capital to deepen its presence in India’s BFSI sector and expand into international markets, including the United States and Asia Pacific. The startup's technology will be deployed across collections, upselling, and borrower profiling for banks, NBFCs, and fintech companies.

Founded in 2020 by Ankit Durga, Megha Aggarwal, and Vickram Saigal, Fundamento builds agentic AI systems that automate and orchestrate multi-channel customer interactions. Its voice agents currently communicate in more than 30 languages, serving financial and insurance institutions.

The startup is now developing domain-specific vertical models and multi-agent orchestration capabilities that allow autonomous coordination of complex customer workflows without human oversight. These systems aim to help enterprises improve business performance while reducing operational costs. Fundamento’s platform claims to help financial clients cut customer engagement costs by up to 60%.

The startup has previously raised about $1.5 million from investors such as Google and Binny Bansal, according to data from Tracxn.

This investment marks the first AI-based fintech in IIFL Fintech Fund’s portfolio. The fund, which recently raised Rs 200 crore for its second vehicle, has backed several companies in the financial technology space, including FinBox, Riskcovry, Finvu, DataSutram, and Leegality.