OnFinance AI
Overview
OnFinance AI is an innovative generative AI platform specialized in the Banking, Financial Services, and Insurance (BFSI) sector. Founded in 2023 by Anuj and Priyesh Srivastava, the company is headquartered in Bengaluru, India. OnFinance AI provides AI-driven compliance management solutions primarily through its proprietary product, NeoGPT. As of 2025, OnFinance AI has raised over $5.25 million, including a recent $4.2 million Pre-Series A funding round led by Peak XV’s Surge. OnFinance AI’s solutions aim to revolutionize internal financial processes by integrating safety, efficiency, and AI-driven insights.
Recent Developments
- September 2025: OnFinance AI secured $4.2 million in a Pre-Series A funding round aimed at accelerating the development of AI-driven compliance solutions for financial institutions. This round was led by Peak XV’s Surge, with participation from other investors, including Climber Capital and RazorPay’s MarsShot VC.
- August 2025: The company integrated Azure AI studio, enabling efficient geo-redundant operations and reinforcement learning, improving its product's compliance with guardrails by 85%.
- July 2025: ComplianceOS, one of OnFinance AI's key offerings, showed a 65% increase in productivity through AI-powered performance analytics, streamlining task management and compliance evidence collection processes.
- February 2025: OnFinance AI continued to build its product portfolio by expanding NeoGPT’s capabilities to handle complex questions in risk and audit tasks such as vendor risk assessment and market abuse surveillance.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Bengaluru, India |
| Founders | Anuj Srivastava, Priyesh Srivastava |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Peak XV’s Surge, Indian Angel Network, Silverneedle Ventures |
| Industry | Banking, Financial Services, and Insurance |
| Number of Employees | 11-50 (as per latest reports) |
Early History
OnFinance AI was founded in 2023 by Anuj Srivastava and Priyesh Srivastava with initial backing from multiple investors, including Indian Angel Network and Silverneedle Ventures. The founders identified a significant potential in leveraging generative AI models within the traditionally rigid BFSI sector. Early on, the company focused on developing AI copilots designed for equity research analysts, taking inspiration from their experiences and market needs for streamlined processes. Their proprietary AI product, NeoGPT, was developed to handle diverse compliance and risk management tasks, quickly garnering interest from prominent financial institutions. The early commitment to innovation set the stage for its evolution into offering robust compliance management solutions that cater to the specific regulatory demands of the BFSI sector.
Company Profile and Achievements
OnFinance AI specializes in AI-based compliance management solutions tailored specifically for the BFSI sector. Their bespoke AI platform NeoGPT is the cornerstone of their offerings, providing functionalities ranging from intelligent task management to real-time compliance updates. Major achievements since inception include:
- Launch of NeoGPT (2024): Enabled institutions to navigate compliance and risk with AI-driven insights.
- Funding Milestones: Secured over $5.25 million in funding, enabling expansion and development of AI solutions.
- Productivity Enhancements (2025): ComplianceOS improved organizational workflows, reducing manual effort by 65%.
- Strategic Partnerships: Collaborated with Azure for enhanced AI operations, bringing efficiencies in data processing.
- Global Recognition: Featured in Forbes Asia under 30 for substantial innovations in the financial AI domain.
Current Operations and Market Position
Currently, OnFinance AI operates as a leading AI platform in the BFSI sector, focusing on compliance challenges using its innovative NeoGPT framework. Their product suite, including ComplianceOS, addresses core operational inefficiencies in regulatory processes through automation and AI-driven insights. As of 2025, OnFinance AI holds a respectable position in the market, bolstered by its continual product developments and robust partnerships with technology platforms like Azure. Its competitive advantages include tailored AI solutions that reduce operational costs while increasing compliance accuracy and productivity, ensuring financial institutions remain at the cutting edge of industry standards.
Conclusion
OnFinance AI continues to shape the financial services industry by providing cutting-edge AI solutions that streamline compliance and risk management processes. With sustained investments and technological collaborations, the company is poised for future growth in the AI compliance sector. Potential for expansion remains strong, as they seek to integrate AI with broader financial operations globally. The strategic focus on innovation and efficiency not only positions OnFinance AI as a formidable player in the BFSI space but also as a beacon for future AI applications in financial technology.