Key Takeaways London-based Finster AI has secured $15 million in combined Series A and seed funding, with FinTech Collective leading the Series A and Peak XV heading the seed round. The AI platform is...
Finster AI announced on October 20, 2025, that it has raised $15 million in combined Series A and seed funding to expand its artificial intelligence platform designed specifically for investment banks and asset managers.
The Series A round was led by FinTech Collective, while Peak XV led the seed investment, with continued participation from Hoxton Ventures.
The London-based fintech company plans to use the capital to establish a New York office, expand its London headquarters, and build strategic data and technology partnerships across the financial industry.
The funding will also support the recruitment of additional talent to strengthen the company's position in the competitive financial AI market.
Founded in 2023 by Sid Jayakumar, who spent seven years conducting AI research at Google DeepMind, Finster AI addresses challenges that generic AI platforms struggle to solve in financial services.
The platform is built to handle Material Nonpublic Information and other confidential data with the strict controls and governance that financial institutions require.
"Finance has unique demands and AI is a critical tool for staying ahead of the market," said Jayakumar, Founder and CEO of Finster AI. "We designed Finster as a secure, scalable, and verifiable platform that doesn't just support workflows; it anticipates them. Our mission is to help financial professionals move from reactive tasks to proactive, insight-driven decision-making at industry scale."
The platform distinguishes itself by focusing on accuracy and eliminating AI hallucinations—a critical concern for financial professionals who cannot afford errors in client communications, investment documents, or market research.
Finster AI enables users to draft investment memos, conduct research, and assemble client materials while ensuring outputs are verifiable and based on high-quality, permissioned data.
To support its expansion, Finster AI has recruited senior executives with extensive experience at major financial institutions and technology companies.
Chris Andrews joined as Chief Operating Officer and will be based in New York. Andrews brings nearly two decades of experience from Morgan Stanley, where he most recently served as Global COO of Research.
"Finster's thoughtful design is defined by two strengths: a platform purpose-built for scale and trust, and a team with proven excellence across AI and finance creates a powerful foundation to help our clients adopt AI with confidence," Andrews stated.
Veeral Manek, formerly General Manager of Revolut's Wealth & Trading business, has also joined the company in a product role. "For some time, I have been considering how AI will impact the future of work. I believe Sid and the team are building the most thoughtful solution to solve the unique complexities of the financial industry," Manek said.
The funding round reflects growing investor confidence in specialized AI solutions for financial services.
Toby Triebel, partner at FinTech Collective, which led the Series A round, emphasized the company's dual expertise in both AI and financial services as key to creating enterprise-grade solutions for the industry.
"Already, the proof is in the product, which resonates with clients on a global scale thanks to their rigorous pace of execution that has catapulted them past even well-established players," Triebel said.
Hussein Kanji, Founder and Partner at Hoxton Ventures, drew parallels to transformative moments in financial technology history.
"More than four decades ago, the Bloomberg Terminal brought speed of information and transparency to the financial markets. We believe Finster AI is at the forefront of a new transformation through its investment banking workflows. From the start, we saw Sid's sharp insight and bold vision, and it's exciting to see him now delivering—building an exceptional team and strong early traction," Kanji commented.
Finster AI has already established partnerships with several tier 1 global investment banks and asset managers, though the company has not publicly disclosed specific client names.
The platform has also integrated data from Third Bridge, PitchBook, and Crunchbase to expand its research capabilities and private market coverage.
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