Vegafin
Vegafin is an India-based fintech building an AI-first lending platform for micro, small and medium enterprises (MSMEs), using AI to assess borrower data, gauge credit risk and speed up loan decisions, complemented by an on-ground branch network.
Position in SVTRnew
Snapshot 2026-10-22- Startup SignalsTop 25%
- FintechTop 25%
About
Vegafin is an India-based fintech building an AI-first lending platform for micro, small and medium enterprises (MSMEs), using AI to assess borrower data, gauge credit risk and speed up loan decisions, complemented by an on-ground branch network. It was founded by Bijith Bhaskar, a 21-year ICICI Bank veteran and former Partner at Premji Invest.
Full tier & rationale — an SVTR Intelligence benefit
Capital graph
Investor· 3
Founders / team· 1
Funding history
- 2026-10-21New funding round$106M
Investors · Premji Invest, Norwest Venture Partners, Lok CapitalSource · dealstreetasia.com ↗
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Vegafin
Vegafin is an India-based fintech building an AI-first lending platform for micro, small and medium enterprises (MSMEs), using AI to assess borrower data, gauge credit risk and speed up loan decisions, complemented by an on-ground branch network. It was founded by Bijith Bhaskar, a 21-year ICICI Bank veteran and former Partner at Premji Invest.
2026-10
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United States
BusinessLatest roundTotal raisedDate- Kapital
AI-driven digital bank for small and medium-sized businesses: credit approval and risk control, cash flow analytics dashboards, corporate cards, factoring, investment and wealth management, and cross-border FX; it has also launched the AI agent product Kapi.
Equity + Debt · $471M · 2026-09 · Valuation $1.3B
$471MValuation $1.3B - Kaaj
Agentic AI credit intelligence for SMEs, completing credit analysis in minutes
Seed · $4M · 2025-11
$4M - Forward Financing
Provides working capital/revenue-based financing to U.S. small and medium-sized businesses, using machine learning models for underwriting and risk control, to fill the small-business financing gap that traditional banks struggle to cover.
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Undisclosed · $9M · 2025-03
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$7M
Other / unspecified
BusinessLatest roundTotal raisedDate- 276 Holdings
SME financing platform based on supply chain transaction data: receivables liquidation, AI credit scoring, and B2B purchasing buy now, pay later.
$403M
$403M - Moneyview
Indian consumer digital lending and financial services app (personal loans, credit cards, insurance, digital gold, UPI), using AI/ML risk control to serve thin-file borrowers
IPO · $215M · 2026-10 · Valuation $624M
$215MValuation $624M - Jota
AI conversational digital bank account inside WhatsApp for Brazilian SMB owners, with voice Pix transfers, photo-based payments and financial insights.
Series A · $30M · 2026-06 · Valuation $185M
$30MValuation $185M
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