Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechs

Sahamati, an industry body for the NBFC-Account Aggregator (NBFC-AA) ecosystem, said it has secured Rs 50 crore in funding from a clutch of banks, asset management companies, stockbrokers and fintechs.

The funding saw participation from large banks including State Bank of India, ICICI Bank, HDFC Bank and Axis Bank; large non-banking lenders including Aditya Birla, Bajaj Finserv and DMI Finance; and stockbrokers and fintechs including Zerodha, Dhan, Angel One and IndMoney, the Bengaluru-based not-for-profit body said in a statement.

ET had written about the deal on April 14, noting that the investors have picked up stakes between 2% and 8%.


Sahamati said that by bringing together major financial services names, the AA platform will move towards collective ownership, governance, interoperability and standards.

“Sahamati will deploy this capital to deepen ecosystem participation, strengthen technical and policy frameworks and build institutional capacity for scale,” it said.

Sahamati manages the RBI-regulated NBFC-AA ecosystem, which runs a data-sharing infrastructure between FIPs (financial information providers) and FIUs (financial information users). The financial data gets used in credit underwriting, loan collection, customer assessment and even fraud checks.

“The account aggregator framework is not just an infrastructure layer. It enables a fundamentally new way of designing financial products and experiences, with consumers firmly at the centre and in control of their data,” said Sahamati chief executive officer BG Mahesh.

ET had reported earlier that the strategic investments from each of these financial services companies in Sahamati have taken place in the context of the Reserve Bank of India planning a self-regulatory organisation (SRO) for the AA ecosystem. The RBI had put out the draft guidelines for the SRO in the AA space in March last year.

As per filings with the ministry of corporate affairs, Sahamati reported a total revenue of Rs 15 crore in FY25 and a net surplus of Rs 1.1 crore. Given that it is a not-for-profit body, Sahamati does not record profits, but reports a business surplus.