Finster AI Closes $15M To Advance Finance-Native AI - Here's What It Means For Banks And Asset Managers
Finster AI has raised a combined $15 million across Seed and Series A rounds to scale its AI platform built for investment banks and asset managers. FinTech Collective led the Series A, with Peak XV leading the Seed and continued support from Hoxton Ventures. The focus is clear: expand in New York, grow the London HQ, hire senior operators from top-tier institutions, and deepen data and technology partnerships.
Founded in 2023 by former Google DeepMind researcher Sid Jayakumar, Finster AI targets a common pain point in front-office work: generic AI doesn't meet the accuracy, compliance, and speed required by deal teams and research. The platform is built to handle confidential data and MNPI while delivering real-time analytics and workflow automation for investment memos, research, and client-ready deliverables.
Why It Matters To Front-Office Teams
Deals move fast, but diligence can't slip. Finster's premise is simple: secure, verifiable outputs that slot into existing workflows without risking leakage or guesswork. If you're drafting a memo at midnight or building a client brief under the gun, the promise is less copy-paste, more clarity, and fewer compliance headaches.
How The New Capital Will Be Put To Work
- Establish and scale operations in New York to support U.S. clients.
- Accelerate build-out of the London headquarters.
- Recruit senior leadership with experience from firms like Morgan Stanley and Revolut.
- Fuel data and technology partnerships across the financial ecosystem.
Leadership Additions
Chris Andrews joins as Chief Operating Officer in New York, bringing nearly two decades at Morgan Stanley, most recently as Global COO of Research. Veeral Manek, formerly General Manager of Wealth & Trading at Revolut, steps into a product leadership role to drive institutional-grade workflows.
What To Watch Next
Expect deeper, role-specific workflows for bankers, research analysts, and client coverage teams. The company is prioritizing trust, auditability, and measurable ROI - the factors that tend to make or break AI adoption inside regulated institutions. Investor conviction is strong, with early traction cited by backers and comparisons to how the Bloomberg Terminal reshaped access to information decades ago.
Key Quotes
"Finance has unique demands and AI is a critical tool for staying ahead of the market. 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." - Sid Jayakumar, Founder and CEO, Finster AI
"Investment banks and asset managers are under increasing pressure to deliver deeper insights at greater speed. 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." - Sid Jayakumar, Founder and CEO, Finster AI
"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." - Chris Andrews, Chief Operating Officer, Finster AI
"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." - Veeral Manek, Product Lead, Finster AI
"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." - Hussein Kanji, Founder and Partner, Hoxton Ventures
"In getting to know Finster, we have been continuously impressed with Sid and the calibre of talent that he has attracted across the entire team. 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." - Toby Triebel, Partner, FinTech Collective
For Teams Building An AI Advantage In Finance
If you're evaluating tools and training to support research, deal flow, or client delivery, this curated list is a practical starting point: AI tools for finance.
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