LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services
Whereas most AI in monetary companies stays advisory, LUMIQ has constructed the layer that owns the choice — autonomous, auditable AI brokers making regulated calls in manufacturing at main banks, insurers, and capital markets corporations. Right this moment, LUMIQ serves purchasers throughout India, the US, and Southeast Asia — main establishments throughout insurance coverage, banking, and capital markets.
NEW DELHI and MUMBAI, India, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native monetary companies firm, at this time introduced a strategic funding spherical to scale auto-decisioning for monetary establishments throughout the US and Southeast Asia. The spherical was led by Bajaj Finserv, one in all India’s largest and most diversified monetary companies teams, with participation from current investor Data Edge Ventures.
Proper now, 1000’s of consumers are ready for a coverage to be issued, a mortgage to be disbursed, a declare to be adjudicated, as a result of someplace an FSI worker is drowning in choices, held again by the danger of getting it improper. Right this moment, when e-commerce delivers the identical day, banks and insurers nonetheless resolve in weeks. We constructed LiteCone to take that burden: AI decides the routine circumstances, fully and accountably, so people spend their judgment on the one case that truly wants it. This spherical lets us convey that to each monetary establishment within the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ
From AI that assists to AI that decides
For many years, monetary establishments have purchased know-how that made their folks sooner — sooner knowledge, sooner scoring, sooner copilots. The choice nonetheless landed on a human. LUMIQ is altering that. By means of its LiteCone platform, the corporate deploys AI brokers that learn the file, apply the establishment’s personal pointers, and attain the choice finish to finish — escalating solely the circumstances that genuinely require human judgment. The output isn’t a suggestion. It’s a choice, with full reasoning hooked up, cross-referenced to coverage, and defensible underneath audit.
The ends in manufacturing communicate clearly. At a number one life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting circumstances with zero human contact, diminished coverage issuance price by roughly 25%, and compressed turnaround from days to underneath eight minutes — operating 24×7 with full auditability. Throughout its shopper base spanning insurance coverage, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes hundreds of thousands of selections yearly.
LiteCone turns an actual financial-services function right into a working AI agent in weeks. Each agent we deploy is constant, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader throughout roles. And thru our cloud and AI lab partnerships, establishments will more and more discover LiteCone already embedded within the platforms they run at this time.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ
This spherical funds 4 priorities: increasing go-to-market within the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce throughout extra financial-services roles; and constructing a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance coverage platforms so LiteCone is embedded the place establishments already run.
LUMIQ’s buyers backed the spherical for a similar cause its prospects undertake LiteCone: brokers already deciding in manufacturing, with auditability and management in-built.
As a financial-services group, we all know how a lot rests on getting regulated choices proper, at velocity and at scale. LUMIQ has constructed AI brokers that resolve in manufacturing with auditability and management in-built, the potential the business has been shifting towards. We’re proud to guide this spherical and to assist the workforce’s growth throughout the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates
Our conviction is grounded in what LUMIQ has already constructed. Their AI brokers aren’t simply constructed for the long run. They’re working in manufacturing at this time, at velocity. This mixture is uncommon, and its worth will solely compound as the corporate scales globally.
Girish Jhunjhunwala, Fund Supervisor – PE and VC Investments, Bajaj Alternates
Monetary companies is without doubt one of the hardest classes to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into stay financial-services workflows and earned the belief of huge establishments throughout the US, Southeast Asia and India. That’s how a category-defining firm in financial-services AI will get constructed, and we’re proud to maintain backing the workforce as they scale globally.
Kitty Agarwal, Associate, Data Edge Ventures
LUMIQ’s purpose is to guide one class: auto-decisioning at manufacturing scale for monetary companies. Brokers that act, not help, and by no means compromise audit, compliance, or predictability.
About LUMIQ
LUMIQ is an AI-native monetary companies firm. By means of its LiteCone platform and a rising workforce of manufacturing AI brokers, LUMIQ turns actual financial-services roles — insurance coverage underwriter, credit score underwriter, claims adjudicator — into brokers which can be constant, explainable, compliant, and auditable. The corporate pairs deep area experience throughout banking, insurance coverage, and capital markets with frontier AI. LUMIQ employs over 350 AI and knowledge specialists, and has places of work in New Jersey, Singapore, and Delhi NCR (India).
Internet: http://www.lumiq.ai
Photograph – https://web3wire.org/wp-content/uploads/2026/06/LUMIQ_Funding.jpg
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