Generative AI startup OnFinance raises $1.05 million from Silverneedle Ventures and IAN

Gen AI startup: Bengaluru-based Financial services Generative AI startup OnFinance, on Tuesday, announced that it has raised $1.05 million in seed funding from venture capital Silverneedle Ventures and IAN. The funding round witnessed the participation of other investors such as LetsVenture Fund, SSV Fund, and Kunal Shah (CRED), along with other marquee angels.

According to the release, the startup provides Generative AI Software-as-a-Service (SaaS) solutions for the finance industry. It has developed a financial Large Learning Model (LLM) called NeoGPT, that delivers AI support for research analysis, relationship management, sales and customer success to banking institutions, asset management companies and wealth management firms.