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. Immediately, LUMIQ serves purchasers throughout India, america, 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 present introduced a strategic funding spherical to scale auto-decisioning for monetary establishments throughout america 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, hundreds of shoppers 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 fallacious. Immediately, 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 instances, fully and accountably, so people spend their judgment on the one case that truly wants it. This spherical lets us deliver 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 quicker — quicker knowledge, quicker scoring, quicker copilots. The choice nonetheless landed on a human. LUMIQ is altering that. By way of its LiteCone platform, the corporate deploys AI brokers that learn the file, apply the establishment’s personal tips, and attain the choice finish to finish — escalating solely the instances that genuinely require human judgment. The output shouldn’t be a advice. It’s a choice, with full reasoning hooked up, cross-referenced to coverage, and defensible beneath audit.

The leads to manufacturing converse clearly. At a number one life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting instances with zero human contact, diminished coverage issuance price by roughly 25%, and compressed turnaround from days to beneath 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 tens of millions of choices yearly.

LiteCone turns an actual financial-services position 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 present.
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 clients undertake LiteCone: brokers already deciding in manufacturing, with auditability and management inbuilt.

As a financial-services group, we all know how a lot rests on getting regulated choices proper, at pace and at scale. LUMIQ has constructed AI brokers that resolve in manufacturing with auditability and management inbuilt, the potential the business has been transferring towards. We’re proud to guide this spherical and to help the crew’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 longer term. They’re working in manufacturing at present, at pace. This mix 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 among the hardest classes to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into dwell 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 crew as they scale globally.
Kitty Agarwal, Companion, Data Edge Ventures

LUMIQ’s aim 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 way 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 are 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

Picture – https://web3wire.org/wp-content/uploads/2026/06/LUMIQ_Funding.jpg

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