Finster AI, an AI-native platform designed for investment banks and asset managers, has raised $15 million in combined Series A and Seed funding to accelerate its mission of redefining the future of financial intelligence. FinTech Collective led the Series A round, while the Seed round was led by Peak XV, with continued participation from Hoxton Ventures.
The new capital will fund Finster AI’s expansion into New York, support the growth of its London headquarters, and enable the company to add senior leadership talent from top-tier financial institutions such as Morgan Stanley and Revolut. The financing will also advance the company’s partnerships across the broader financial ecosystem, focusing on data integration, technology collaboration, and workflow automation.
Founded in 2023 by Sid Jayakumar, a former AI researcher at Google DeepMind, Finster AI addresses the specialized needs of financial institutions that handle Material Nonpublic Information (MNPI) and require stringent governance, real-time accuracy, and zero tolerance for AI hallucinations. The platform is built to support financial workflows by integrating secure and verifiable AI solutions tailored to the nuanced demands of investment and asset management professionals.
Finster AI’s early success includes partnerships with tier 1 global investment banks and asset managers, validating its approach to combining AI innovation with domain-specific expertise. The platform is engineered to assist professionals with drafting investment memos, conducting market research, assembling client materials, and managing data all while ensuring the highest levels of accuracy, confidentiality, and compliance.
To strengthen its leadership team, Finster AI has appointed several seasoned executives from the intersection of finance and technology. Chris Andrews, formerly Global COO of Research at Morgan Stanley, joins as Chief Operating Officer, bringing nearly two decades of experience in trading, technology, and research transformation. Veeral Manek, previously General Manager of Revolut’s Wealth & Trading division, will take a leading product role.
KEY QUOTES:
“Finance has unique demands and AI is a critical tool for staying ahead of the market. 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.”
“Investment banks and asset managers are under increasing pressure to deliver deeper insights at greater speed. There is no easy button for transformation. It takes true partnership, a deep understanding of workflows, and shared ambition. That’s why we’re privileged to already collaborate with some of the leading firms out there. Our mission is to be trusted partners, meeting teams where they work, with defensible outputs and a clear ROI.”
Sid Jayakumar, Founder and CEO, Finster AI
“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.”
Chris Andrews, Chief Operating Officer, Finster AI
“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.”
Veeral Manek, Product Leader, Finster AI
“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. Finster’s AI-native approach is solving critical inefficiencies where others have struggled, and we’re thrilled to support the team as they drive the next wave of innovation in financial services.”
Hussein Kanji, Founder and Partner, Hoxton Ventures
“In getting to know Finster, we have been continuously impressed with Sid and the caliber of talent that he has attracted across the entire team. Deep AI and financial services expertise are both essential ingredients to create truly impactful, deeply integrated enterprise-grade AI for such a complex 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.”
Toby Triebel, Partner, FinTech Collective
