PSI's First Venture, OnFinance AI, Raises $4.2M

In every revolution, there’s a garage. For Apple, it was a garage. For PanScience Innovations (PSI), it wasn’t a garage, it was a living room. And in that living room, OnFinance AI was born.

The very first team to trust us on this journey was OnFinance. Back then, we didn’t even have an office. Anuj and Priyesh were building everything from our living room while PanScience itself was just coming together. Ideas were messy, energy was high, and belief was our only currency. That’s how revolutions start — in spaces that feel too small for big dreams.

A lot has changed since those early days. This week, OnFinance has raised $4.2 million in pre-Series A funding, led by Peak XV Partners (formerly Sequoia Capital India & SEA), with participation from Groww Founders’ Fund, Mars Shot Ventures (Razorpay Founders’ Fund), Climber Capital, Shyamal Hitesh Anadkat (OpenAI), alongside our existing investors Indian Angel Network and Silverneedle Ventures.

This isn’t just a milestone for OnFinance, it’s a milestone for all of us at PSI. To see the very first venture we nurtured grow from a living-room idea into a company backed by some of the best investors in the world is exactly why we started the studio. It proves that vision, trust, and relentless execution can turn a small spark into a fire that lights up an industry.

OnFinance’s mission is deceptively simple: make compliance easy using AI. In practice, it’s revolutionary. Their NeoGPT-powered agents can interpret complex regulatory updates in minute tasks that used to take teams weeks. That’s not just efficiency; it’s freedom. Freedom for organizations to focus on what truly matters: growth, innovation, and impact.

From a living room to global attention, from a sketch on a whiteboard to pilots in the United States and MENA, the journey of OnFinance AI is proof of what happens when vision meets execution. And as a venture studio, seeing our first venture succeed in this way is deeply fulfilling.

Congratulations to the incredible team at OnFinance. Your success inspires every venture that follows 🚀