Fintech Startup WeRize Raises $7 Mn To Expand Product Offerings
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Fintech platform WeRize has raised $7 Mn (about ₹67.1 Cr) from in a pre-Series C funding round led by Sony Innovation Fund. Existing investor 3one4 Capital also participated in the round.
The startup plans to utilise the fresh capital to expand its financial product offerings to include mutual funds, online bonds, secured co-branded credit cards, and housing loans. It also plans to invest in its proprietary AI and technology infrastructure.
“This capital will help us go deeper into the AI capabilities of our unique social distribution platform, expand our product suite and prepare for the public markets, where we believe we can demonstrate that building for small-city India is one of the largest commercial opportunities in financial services globally,” cofounder and CEO Vishal Chopra said.
Founded in 2019 by Chopra and Himanshu Gupta, WeRize operates a three-sided full stack marketplace connecting 30 Cr underserved consumers in small-city India, 19,000+ trained local financial micro-entrepreneurs, and partner banks, NBFCs, mutual funds, and insurers through a proprietary AI layer.
The startup claims it has achieved three consecutive years of profitability. Its current annualised gross revenue rate is $65 Mn and net revenue run rate is $32 Mn, while its EBITDA run rate is $15 Mn and annualised pre-tax profit run-rate is over $7 Mn.
The startup has raised over $28 Mn to date from investors like British International Investment and Picus Capital as well as those mentioned above. Its last funding round was in 2022 at a valuation of $115 Mn.
Amid a correction in the overall startup funding landscape, fintech continues to attract investor interest. Total capital deployed across Indian startups dropped 8% YoY to $11 Bn in 2025, but fintech remained at the top with the sector bringing in $2.5 Bn across 120 deals during the year, per Inc42’s Annual Indian Startup Trends Report, 2025.
In Q1 2026, however, ecommerce emerged as the most funded sector, raising $536 Mn, while fintech trailed at $374 Mn capital raised across 24 deals.
Recent trends show an increased investor appetite for fintech startups. Recently, travel fintech Scapia raised $63 Mn from General Catalyst, Peak XV Partners and Z47, while trading platform Sahi raised $33 Mn in a Series B round led by Accel, with participation from Elevation Capital.
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