Social distribution fintech AI platform WeRize has raised $7 million in a pre-Series C round led by Sony Innovation Fund with participation from 3one4 Capital. With this round, total equity capital raised by WeRize since inception crosses $28 million.
Entrackr exclusively reported this when it was set to raise Rs 64 crore (around $6.9 million) in March this year. The last funding round was in June 2022, in which the company raised $15.5 million at a valuation of $115 million, from British International Investment, Sony Innovation Fund and existing investors.
The new proceeds will be used to deepen investment in proprietary AI and technology stack, and expand into investment products such as mutual funds/online bonds, secured co-branded credit cards and housing loans, WeRize said in a press release.
Co-founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is a social distribution AI fintech platform that sells and distributes a wide portfolio of customized credit, insurance, and savings products for 300 million individuals spread across more than 4,000 tier II to tier IV towns. The company leverages insights from these data points to create customized credit, group insurance, and savings products.
WeRize operates as a three-sided full stack marketplace connecting over 300 million underserved consumers in small-city India, more than 19,000 trained local financial micro-entrepreneurs, and partner banks, NBFCs, mutual funds, and insurers through a proprietary AI layer. The platform delivers credit, insurance, and investment products across more than 5,000 cities and towns with zero physical branches, in six Indian languages.
WeRize’s proprietary AI stack, trained on over 20 billion data points from over 4 million households in more than 5,000 cities, powers all three sides of the marketplace. On distribution, AI drives lead generation, assisted selling, and lifecycle engagement. On the manufacturing side, it handles underwriting, risk selection, and product structuring.
WeRize says that it is running at an annualised gross revenue rate of $65 million and net revenue run rate of $32 million, with EBITDA run rate of $15 million and annualised pre-tax profit run-rate exceeding $7 million. The company projects 2-3x profit growth over the next twelve months.
Following a more than two-fold growth in FY24, it sustained a strong scale in the fiscal year ended March 2025. At the same time, the net profits doubled. Its revenue from operations surged 64% to Rs 236 crore in FY25 from Rs 144 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies shows.
