Finster AI, an AI-native platform designed for investment banks and asset managers, announced it has secured a combined Series A and Seed funding round of $15 million. FinTech Collective led the Series A, while the Seed round was led by Peak XV, with ongoing participation from Hoxton Ventures.
The newly raised capital will be deployed to support the company’s expansion into New York, accelerate the build-out of its London headquarters, recruit senior leadership with deep expertise from institutions such as Morgan Stanley and Revolut, and fuel data and technology partnerships across the financial ecosystem.
Founded in 2023 by former Google DeepMind AI researcher Sid Jayakumar, Finster AI was born out of the recognition that generic AI tools often fall short of meeting the stringent, high-accuracy demands of front-office finance workflows. The platform is purpose-built to handle confidential data and material non-public information (MNPI), while delivering real-time data analytics for tasks such as investment memo drafting, research, and client-deliverable preparation.
As part of its senior leadership expansion, the company appointed Chris Andrews as Chief Operating Officer, based in New York, bringing nearly two decades of experience at Morgan Stanley, most recently as Global COO of Research. Finster also added Veeral Manek from Revolut to a product leadership role, where Manek had previously served as General Manager of the Wealth & Trading business.
The fresh funding positions Finster AI to accelerate its growth trajectory, expand client reach in key markets, and deepen its platform’s capability to deliver role-specific, AI-driven workflows for financial professionals.
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 Lead, 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 calibre 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
