Knight FinTech builds the back-end infrastructure that banks and non-banking financial companies (NBFCs) use to run modern lending and treasury operations. Founded in Mumbai in 2019, the company provides platforms spanning co-lending, digital lending, embedded finance, supply-chain finance, and treasury management, the plumbing that lets traditional financial institutions originate, distribute, and manage credit at scale.
Its flagship co-lending stack addresses a structurally important problem in markets like India: banks have cheap capital but limited last-mile reach, while NBFCs and fintechs have origination reach but costlier capital. Co-lending lets them partner, with banks and large lenders jointly originating and distributing loans. Knight's platform orchestrates these partnerships, handling the operational complexity of splitting, tracking, and reconciling loans across institutions, and is increasingly layering in automated credit underwriting to speed decisions.
Beyond co-lending, Knight's treasury-management products help institutions manage liquidity and funds, while its embedded-finance and supply-chain-finance tools let partners extend credit deeper into commercial ecosystems. The company works with a roster of major financial institutions including Bank of Baroda, Bank of India, ICICI Securities, IIFL Finance, Bajaj Auto, Muthoot Fincorp, and NABARD, customer relationships that signal trust from regulated incumbents.
Knight FinTech was founded by Kushal Rastogi and Parthesh Shah. In a round reported in early January 2026, it raised $23.6M in a Series A led by Accel, with participation from IIFL and Rocket Capital alongside existing backers Prime Venture Partners, 3one4 Capital, Commerce VC, and Trifecta Capital.
The company is targeting aggressive growth, with stated ambitions to reach $85-100M in annual revenue and expand assets under management beyond $50 billion over several years, while broadening its geographic footprint into the Middle East and Asia-Pacific. The funding supports product innovation, particularly in automated underwriting, and that international expansion.