Sahamati secures Rs 50 cr from 25 institutions to foster financial inclusion

Sahamati, cross-sector industry alliance to promote adoption of the Account Aggregator (AA) ecosystem, on Tuesday announced a fund raise of Rs 50 crore from over 25 leading financial sector entities, including State Bank of India. 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, Sahamati said in a statement. Industry momentum is now converging around operationalising data flows at scale and embedding them into core financial journeys, it said. Investors in the round include SBI, SBI Funds Management, ICICI Bank, Tata Capital, Bajaj Finserv, Axis Bank and South Indian Bank.

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