SUMMARY
SaaS startup Fyno has raised $4 Mn in a funding round co-led by Arkam Ventures and 3one4 Capital to expand go-to-market operations in India and strengthen its AI-driven communication platform for enterprises
Founded in 2022 by Kaleyra executives Aniketh Jain and Ashish Agarwal, Fyno offers a unified communication management platform that allows businesses, particularly in the BFSI sector, to orchestrate messaging across multiple channel
The SaaS startup claims to have processed over 5 Bn communications in 2025, along with onboarding 45 financial institutions as its clients, including Karnataka Gramin Bank and Lendingkart
Bengaluru-based Fyno
has raised $4 Mn in a funding round co-led by Arkam Ventures and 3one4 Capital to expand go-to-market operations in India and strengthen its AI-driven communication platform for enterprises.
Besides, the fresh capital will be deployed to enhance its AI capabilities, deepen product market fit, build hybrid cloud infrastructure, and scale sales and marketing efforts in India and other emerging markets.
The startup, founded in 2022 by former Kaleyra executives Aniketh Jain and Ashish Agarwal, also officially came out of stealth mode with the launch of its cloud-based communications hub.
Fyno offers a unified communication management platform that allows businesses, particularly in the BFSI sector, to orchestrate messaging across multiple channels, including WhatsApp, SMS, email, push notifications, IVR, and voice. Its platform is used by financial institutions for customer onboarding, KYC, transaction alerts, and compliance-driven messaging.
The startup also featured in Inc42’s ‘30 Startups To Watch’ edition of August 2025.
“We officially exited stealth mode after 24 months of product development and 12 months of early platform adoption. We expect to reach $2 Mn in revenue by FY26 and $5 Mn by FY27, driven by rising adoption in the BFSI sector,” cofounder and CEO Jain said.
The SaaS startup claims to have processed over 5 Bn communications in 2025, along with onboarding 45 financial institutions as its clients, including Karnataka Gramin Bank and Lendingkart. It is targeting doubling its client base in the next 18 months and is in advanced discussions with more than 10 additional banks.
The funding comes at a time when the Indian CPaaS (Communications Platform as a Service) market is projected to grow rapidly. According to Mordor Intelligence, India’s CPaaS market, estimated at $1.1 Bn in 2025, is expected to triple over the next five years, with BFSI adoption accounting for nearly 30% growth.
WhatsApp and RCS (Rich Communication Services) are expected to capture half of India’s commercial messaging value, with RCS alone projected to generate $544 Mn in revenue by 2029.
Fyno competes with the likes of MoEngage, CleverTap, and OneSignal, but differentiates itself with its channel-agnostic platform. It claims that its clients achieve 20-30% savings in messaging costs and reduce engineering effort by over 90%.
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