Sahamati raises Rs 50 Cr from financial sector entities

Sahamati on Tuesday raised Rs 50 crore from over 30 financial sector institutions, marking commitments to scale India’s account aggregator ecosystem.

Sahamati is a non-profit, member-driven industry alliance for the Account Aggregator (AA) ecosystem in India. It facilitates secure, consent-driven sharing of financial data among institutions like banks and insurers.

Investors in the round included State Bank of India (SBI), SBI Funds Management, ICICI Bank, HDFC Bank, Tata Capital, Bajaj Finserv, Zerodha, Dhan, Aditya Birla Group entities, Axis Bank, IDFC First Bank, Yes Bank, South Indian Bank, Dezerv, and Angel One, among others. Account Aggregators participating in the round include OneMoney, Finvu, CAMS, and OMS.

Unlike traditional funding rounds, this investment is a coordinated industry commitment to build a regulated digital public infrastructure layer for consent-based financial data sharing and empowerment.

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

 “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,” said BG Mahesh, CEO, Sahamati.

According to the firm, as digital public infrastructure advances, the AA ecosystem is emerging as a critical connective layer between data, consent, and financial access. With institutional backing, the next phase of growth will depend on how effectively the ecosystem translates capability into impact across consumers, businesses, and the broader financial system.