Sony Innovation Fund led $7 M Pre-series C funding raised by fintech startup WeRize
In a pre-Series C round managed by Sony Innovation Fund and included 3one4 Capital, AI tool for social distribution finance WeRize raised $7 million. With this round, WeRize has raised more than $28 million in equity since its founding.
When it was scheduled to raise Rs 64 crore (about $6.9 million) in March of this year, Entrackr exclusively disclosed this. The business raised $15.5 million at a valuation of $115 million at its most recent investment round in June 2022 from British International Investment, Sony Innovation Fund, and current investors.
According to a press statement from WeRize, the additional funds will be used to grow into investment products like mutual funds and online bonds, secured co-branded credit cards, and home loans, as well as to further investment in proprietary AI and technology stack.
WeRize, a social distribution AI fintech platform co-founded in 2019 by Vishal Chopra and Himanshu Gupta, offers a broad range of personalized credit, insurance, and savings solutions to 300 million people in over 4,000 tier II to tier IV towns. The business uses the information gleaned from these data points to develop personalized savings, group insurance, and credit products.
Through a proprietary AI layer, WeRize functions as a three-sided full stack marketplace that links over 19,000 skilled local financial micro-entrepreneurs, over 300 million underserved consumers in small-city India, and partner banks, NBFCs, mutual funds, and insurers. With no physical branches, the platform offers credit, insurance, and investment products in six Indian languages in over 5,000 cities and towns.
All three sides of the market are powered by WeRize’s proprietary AI stack, which has been trained on more than 20 billion data points from more than 4 million homes in more than 5,000 cities. AI powers lifecycle engagement, assisted selling, and lead creation in distribution. It manages risk selection, product structure, and underwriting on the manufacturing side.
According to WeRize, its annualized gross revenue rate is $65 million, its net revenue run rate is $32 million, its EBITDA run rate is $15 million, and its annualized pre-tax profit run rate is more than $7 million. Over the following 12 months, the corporation anticipates a 2-3x increase in profits.
It maintained a robust scale in the fiscal year that concluded in March 2025 after growing by more than two times in FY24. The net earnings doubled concurrently. According to its consolidated financial filings obtained from the Registrar of Companies, its operating revenue increased by 64% to Rs 236 crore in FY25 from Rs 144 crore in FY24.
