Finarkein Analytics raises seed funding from IIFL, Info Edge, Eximius, others

Data analytics startup, Finarkein Analytics, raises new investment round for its low/no-code platform and services focused on digital platforms. 

“ODEs are addressing the fundamental problem of access to quality, structured and authentic data. But our research and experience indicated another cross-industry challenge of making sense of data at speed and scale, while staying compliant with current and upcoming data laws like the Data Protection Bill,” Finarkein’s Co-founder and CEO, Nikhil Kurhe said in a statement. “Finarkein’s products are addressing this by building a DIY analytics platform which provides organizations with a trusted execution environment.” 

The Pune-based startup has two offerings according to its website, the low/no-code platform for Open Digital Ecosystems called Flux and Gyaan, a blog of data-based stories and ideas. The startup is focused on increasing accessibility to data by allowing companies to both intake and share data. 

“At a time when data is increasingly driving our digital experience, Finarkein Analytics emerges as a tool to help developers build it seamlessly and securely,” Pearl Agarwal of Eximius Ventures, an investor in the round, said. “We are seeing initiatives such as the Account Aggregator framework as well as the Ayushman Bharat Digital Mission (ABDM) which will define how data is exchanged in the time to come, while making consent central to it.”

Investors in the seed round include IIFL’s Fintech Fund, Redstart Labs, Prophetic Ventures, Eximius Ventures, Shalini Chhabra and Chirag Jain, among others. Finarkein Analytics was founded by Dheeraj Kumar and Nikhil Kurhe in 2019. 

(Picture courtesy: Finarkein Analytics)

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