Eximius Ventures
and Finarkein

In 2016, the Reserve Bank of India launched the Account Aggregator (AA) framework, creating new opportunities in financial data services and tackling limited credit access in the fintech sector. Fast forward to 2019, and five innovative developers founded Finarkein Analytics to solve data fragmentation using this framework.

Their core product, Flux, simplifies secure data sharing and analytics for financial institutions. Before seeking pre-seed funding, they validated their concept by onboarding MAX Life as a pilot client and engaging with Policy Bazaar for API integrations, projecting nearly 1 billion serviceable AA calls.

To attract investors, they participated in a hackathon, impressing CIEU and fintech-focused investors. Eximius Ventures recognized the potential in Finarkein, believing the Data Protection Act would boost the AA ecosystem and that Finarkein had the technical expertise for success. In February 2022, they made a bold investment.

Finarkein used the funds strategically for tech development, hiring, and community building. The results? They grew their team, enhanced their offerings, and gained over 40 BFSI clients, achieving an annual recurring revenue (ARR) of $1.8 million and nearing INR 1Cr in monthly recurring revenue (MRR).

Their partnership with Eximius was more than financial support; it validated their vision and set the stage for future investments. Finarkein’s recent follow-on funding from Nexus Venture Partners confirms their trajectory and underscores Eximius’ early belief in them.

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