Bengaluru-based fintech startup WeRize has secured $7 million in a pre-Series C funding round led by Sony Innovation Fund, the corporate venture arm of Sony, the company announced. This fresh capital brings WeRize's total equity raised since its 2019 inception to over $28 million as it advances its AI-driven financial products and eyes a potential initial public offering in 2028.
The funding round also saw participation from 3one4 Capital, alongside Sony Innovation Fund. WeRize plans to deploy the new capital to scale its AI-powered financial offerings, enhancing product development and market reach. The company disclosed the details in a statement, highlighting its strategic focus on leveraging artificial intelligence to improve financial services.
The fintech sector has witnessed significant investment activity, with AI integration becoming a key differentiator among startups. WeRize’s funding round follows a trend of corporate venture arms backing fintech innovators to accelerate technology adoption. The company’s total funding surpasses $28 million, positioning it among notable AI-driven fintech startups preparing for public market entry.
WeRize’s next major milestone is its targeted IPO in 2028, marking a critical phase in its growth trajectory. The company’s recent $7 million pre-Series C round led by Sony Innovation Fund underscores investor confidence in its AI fintech strategy, as reported by livemint.com.