Finster AI has closed $15 million in combined Series A and Seed funding. The Series A round was led by FinTech Collective, while Peak XV led the Seed investment. Hoxton Ventures continues its support as an ongoing participant.
The funding will drive the company's expansion into New York, where it recently opened a new office. Finster is also growing its London headquarters and building out what it calls an industry-leading team. The capital will support data and technology partnerships across the broader financial ecosystem.
Financial institutions face constraints that off-the-shelf AI tools struggle to address. Teams regularly work with confidential information and Material Nonpublic Information (MNPI), which demands strict controls and strong governance frameworks. Front-office professionals have no room for error. Hallucinations in AI outputs can create serious risks in client communications, investment documents, and market research. Access to accurate, real-time data is just as important, raising the bar for high-quality, permissioned information.
Sid Jayakumar spent seven years conducting AI research at Google DeepMind before founding Finster AI in 2023. His work gave him a front-row seat to the field's evolution. Drawing on that experience and a detailed understanding of how information flows in finance, he built Finster to adapt to every role, user, and workflow. The platform handles tasks like drafting investment memos, conducting research, and pulling together data for client materials. It's designed to feel familiar to finance professionals while running on advanced AI.
"Finance has unique demands and AI is a critical tool for staying ahead of the market," said Sid Jayakumar, Founder and CEO of Finster AI. "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."
Finster AI has already formed partnerships with several top-tier financial institutions, including global investment banks and asset managers. These early relationships reflect growing demand for AI tools built specifically for finance.
"Investment banks and asset managers are under increasing pressure to deliver deeper insights at greater speed," said Sid Jayakumar. "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."
Finster has added executives with backgrounds at major financial and technology companies. The new hires include alumni from Revolut, Morgan Stanley, Rothschild & Co, and Visible Alpha.
Chris Andrews joins as Chief Operating Officer and will be based in New York. He brings nearly two decades of experience from Morgan Stanley, where he most recently served as Global COO of Research. During his tenure, he worked on transformation initiatives across Trading, Technology, and Research, gaining direct insight into how innovation can reshape entire industries.
Andrews stated, "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."
Veeral Manek is joining from Revolut, where he served as General Manager of the Wealth & Trading business. In that role, he delivered trading and investing products to millions of customers worldwide. Manek will take on a product role at Finster.
"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."
Hussein Kanji, Founder and Partner at Hoxton Ventures, commented: "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."
"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," said Toby Triebel, Partner, FinTech Collective. "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."
