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Blostem Raises Pre-Series A Funding From Zerodha’s Rainmatter B2B banking infrastructure startup Blostem has secured an undisclosed pre-Series A investment from Zerodha’s investment arm, Rainmatter. The funding comes
B2B banking infrastructure startup Blostem has secured an undisclosed pre-Series A investment from Zerodha’s investment arm, Rainmatter. The funding comes as part of Rainmatter’s growing focus on fintech and financial infrastructure startups, signaling strong investor confidence in Blostem’s potential to transform digital banking in India.
Rainmatter has a track record of backing innovative fintech companies. Previously, it invested, along with WEH Ventures and PW’s Alakh Pandey, Rs 8.5 crore in lifestyle-first chronic care platform Praan Health, showing its appetite for startups that combine technology with sector-specific solutions.
Founded by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, Blostem provides a plug-and-play infrastructure layer that allows fintech apps, brokers, payment companies, and wealth-tech platforms to offer retail digital banking products without building separate integrations with each bank.
Through a single unified API, partners can now launch a range of digital banking products, including:
This simplifies the operational challenges for fintechs while opening the door to faster product launches and a more seamless user experience.
Blostem has built a network of 10 banks and NBFCs for its fixed deposit marketplace. Some of the names include:
By connecting fintechs with multiple banks through a single integration, Blostem reduces friction and enables companies to scale their digital banking offerings quickly.
India’s digital banking sector is expanding rapidly, and fintech apps are looking for ways to integrate multiple banking services without the complexity of dealing with separate bank systems. Blostem’s unified API offers a solution to this exact problem.
By investing in Blostem, Rainmatter is betting on a company that could become the backbone of digital banking infrastructure in India, enabling thousands of fintechs and payment platforms to offer bank products seamlessly.
Rainmatter’s investment philosophy focuses on supporting startups that provide foundational technology enabling other companies to scale. With Blostem, the opportunity lies in creating a plug-and-play banking ecosystem, which could drastically reduce time-to-market for fintech offerings and accelerate adoption of digital banking services in India.
Traditionally, fintech companies must integrate separately with each bank to offer products like fixed deposits, loans, or credit cards. This is time-consuming, resource-intensive, and technically complex.
Blostem changes this by offering a single API that connects fintechs to multiple banks and NBFCs. The benefits include:
By enabling fintech platforms to roll out banking products quickly, Blostem indirectly promotes financial inclusion. Smaller fintechs and wealth-tech apps can now offer fixed deposits, credit, and other banking services to users across India, including underserved markets.
Blostem was founded by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh — a team with deep experience in fintech and digital banking. Their combined expertise in technology and financial services has allowed Blostem to create a platform that addresses one of the biggest pain points in India’s fintech ecosystem.
Blostem has already forged strategic partnerships with some of India’s leading banks and NBFCs, allowing fintechs to offer a wide range of banking products without the traditional hurdles of banking integrations. This positions Blostem as a critical infrastructure player in the B2B fintech ecosystem.
With Rainmatter’s backing, Blostem is poised to accelerate product development, expand its banking network, and onboard more fintech partners. This could lead to a wave of new digital banking products, including innovative credit solutions, FD-linked offerings, and UPI-based credit.
Blostem’s platform reduces the time, cost, and technical complexity involved in integrating banking products. This democratizes access to digital banking capabilities, allowing smaller fintech startups to compete with larger players and drive innovation in the sector.
As more fintechs adopt Blostem’s infrastructure, the company could become the go-to platform for B2B digital banking in India, similar to how Stripe or Plaid dominate payments and banking APIs globally.
Blostem’s pre-Series A investment is just the beginning. With Rainmatter’s support, the startup is likely to:
The company is well-positioned to play a pivotal role in shaping India’s digital banking infrastructure and enabling a new generation of fintech startups.
The combination of a strong founding team, a unified API platform, and strategic backing from Rainmatter makes Blostem a startup to watch. As India’s fintech market continues to grow, platforms that provide seamless banking infrastructure will become increasingly critical.
If Blostem succeeds, it could become the backbone of digital banking for fintechs across India, and Rainmatter’s investment could prove to be a landmark bet in the country’s fintech revolution.
