Bengaluru, April 28, 2026: Sahamati, the first cross-sector industry alliance driving the adoption of the Account Aggregator (AA) ecosystem, today announced a landmark funding raise of ₹50 crore from over 25 leading financial sector entities. This unprecedented, broad-based institutional participation marks a defining moment in the evolution of India’s consent-based data sharing framework, positioning it as a critical layer in the country’s digital public infrastructure.
The funding comes at a pivotal moment for the ecosystem, as the focus shifts from infrastructure readiness to real adoption, unlocking high-impact use cases across lending, wealth, insurance, and beyond. Industry momentum is now converging around operationalising data flows at scale and embedding them into core financial journeys.
Investors in the round include State Bank of India (SBI), SBI Funds Management, ICICI Bank, Tata Capital, Bajaj Finserv, Zerodha, Dhan, Aditya Birla Group entities, Axis Bank, Axis Asset Management Company, Axis Securities, IDFC First Bank, Yes Bank, South Indian Bank, DMI Finance, KFin Technologies (KFin RTA), Dezerv, Angel One, INDmoney, Gromor Finance Private Limited, Innofin Solutions Private Limited (LendenClub), Fee Only Investment Advisers LLP, Narendra Finance Company Private Limited (Kosh), and Abbakus Asset Manager. Account Aggregators participating in the round include OneMoney, Finvu, CAMS, and OMS.
Unlike traditional funding rounds, this investment represents a coordinated industry commitment to building a regulated digital public infrastructure layer for consent-based financial data sharing and empowerment. By bringing together banks, NBFCs and ecosystem enablers, it signals a shift toward collective ownership of governance, interoperability, and standards.
Sahamati will deploy this capital to deepen ecosystem participation, strengthen technical and policy frameworks, and build institutional capacity for scale. The focus is firmly on outcomes, enabling faster, easier and reliable access to credit, expanding financial inclusion, and catalysing innovation across sectors.
At its core, the Account Aggregator ecosystem is designed to deliver high-quality, reliable data-sharing at a cost structure that makes it scalable, inclusive and viable across India’s diverse financial landscape.
BG Mahesh, CEO, Sahamati, said, “We are entering a phase where the ability to use data responsibly and intelligently will define competitive advantage in financial services. The Account Aggregator framework is not just an infrastructure layer. It enables a fundamentally new way of designing financial products and experiences, with the consumer firmly at the center and in control of their data.
The real shift ahead is from access to intelligence. As consented data begins to flow at scale, institutions will move toward real-time, context-aware decision making, unlocking entirely new models of credit, risk, and customer engagement. At its core, this shift ensures the consumer is the biggest winner with better access, fairer outcomes, and financial products that are truly tailored to suit their needs. This will make financial services more accessible and inclusive, particularly for individuals and small businesses that have traditionally been underserved.
Our role is to ensure this transition happens with strong guardrails, where trust is embedded by design and innovation can scale without friction.”
As India advances its digital public infrastructure journey, the Account Aggregator ecosystem is emerging as a critical connective layer between data, consent, and financial access. With strong institutional backing and a clear pivot toward adoption, the next phase will be defined by how effectively the ecosystem translates capability into measurable impact across consumers, businesses, and the broader financial system.
About Sahamati:
Sahamati is the first cross-sectoral industry alliance of the Account Aggregator (AA) ecosystem in India. It anchors the participatory governance mechanism for the ecosystem and ensures that all stakeholders, financial institutions, technology providers, and regulators collaborate to drive adoption and innovation. Sahamati works to accelerate ecosystem readiness, strengthen technology infrastructure, and enhance customer trust in consent-based financial data-sharing. For more information, check sahamati.org.in
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