Sahamati has raised Rs 50 crore from more than 30 financial institutions to scale India’s Account Aggregator ecosystem. The non-profit industry alliance says the coordinated funding will deepen ecosystem participation, strengthen technical and policy frameworks, and build institutional capacity. Backers include major banks and investors, while participating account aggregators like OneMoney and Finvu plan to accelerate consent-based financial data sharing.
Sahamati, India’s NBFC-Account Aggregator body, has raised Rs 50 crore from large banks, asset management companies, stockbrokers, and fintechs. The fresh funding will strengthen the account aggregation data-sharing infrastructure and expand participation, supporting a financial data management framework designed to keep consumers firmly in control of how their information is used.
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