Setu is an API infrastructure provider that allows financial institutions such as banks to connect with companies and small businesses that want to provide financial services to their customers.

Setu empowers businesses and developers to reimagine financial products for the next billion users.

Setu was founded in 2018 by Sahil Kini and Nikhil Kumar. The company is headquartered in Bangalore, Karnataka, India.

Setu's mission is to accelerate economic growth by making formal financial products more accessible to everyone.

Setu offers open APIs across four categories — bills, savings, credit, and payments. Any developer can access its sandbox to build an application and go through a rigorous developer certification program to go live. This makes it easy for any company to acquire plug-and-play financial services and become a fintech player.


Setu works with financial institutions like banks to unbundle banking services into APIs for fintech developers to build innovative products across payments, lending, savings, and insurance.


Setu is backed by Lightspeed Venture Partners U.S., Falcon Edge, Lightspeed India Partners, Bharat Inclusion Seed Fund and others. The company raised $15M in a Series A round on Apr 15, 2020. This brings Setu's total funding to $18.5M to date.



  • Year founded: 2018
  • Funding Info: $18.5M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
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