In a seed funding round led by Arkam Ventures and 3one4 Capital, enterprise messaging platform Fyno has raised $4 million.
According to a press release from Fyno, the money raised will be utilized to improve its AI capabilities, expand its go-to-market initiatives in India and other developing nations, enhance product functionality, construct a hybrid infrastructure, and assist with enterprise deployments and large-scale transformation.
Key Highlights
- Fyno bags $4 million seed round led by Arkam Ventures and 3one4 Capital to scale AI.
- Funds will boost product features, India go-to-market, infrastructure expansion, and enterprise deployments.
Fyno, a compliance-first communication infrastructure for banks, financial services, and NBFCs, was co-founded in 2022 by Aniketh Jain and Ashish Agarwal. The platform integrates analytics, orchestration, and integration across over eight channels, including voice, email, push notifications, WhatsApp, and SMS.
According to market research, the communication platform-as-a-service (CPaaS) market in India is expected to reach $1.01 billion in 2025 and triple in size over the following five years.
After developing the product for 24 months and successfully implementing the platform for 12 months with early customer adoption, we formally came out of stealth mode. Aniketh Jain, a co-founder of Fyno, stated, "We anticipate reaching $2 million in revenue by FY25–26 and $5 million by FY26–27, driven by rising adoption in the BFSI sector."
Fyno asserts that it processed more than five billion communications through various channels in 2025. It is now essential to customer onboarding, KYC, transaction alerts, and compliance-driven messaging, having signed on 45 banks, NBFCs, and fintech clients since its founding, including Karnataka Gramin Bank and Lendingkart.
Also Read: RUGR Fintech Secures $5 Mn Funding Led by Vikasa India EIF I Fund
The company is in advanced talks with over ten more banks and several prominent financial institutions with the goal of doubling its customer base within the next 18 months. The platform helps institutions cut engineering effort by more than 90% and messaging costs by 20–30% while guaranteeing that every message complies with TRAI, DPDP, RBI and SEBI regulations. LendingKart, Protium, Scripbox, Kerala Gramin Bank, and Karnataka Gramin Bank all trust it.
It might compete directly or indirectly with other well-known companies in this market, like Axiom by Sinch, Courier, and Knock.
