Most AI in the financial services sector today can only provide auxiliary references. LUMIQ has built a tier with decision-making authority—autonomous, auditable AI agents that make regulated decisions in the production environments of leading banks, insurance companies, and capital market institutions. Currently, LUMIQ serves clients in India, the United States, and Southeast Asia—covering leading institutions in insurance, banking, and capital markets.
NEW YORK and SINGAPOREJune 20, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced the completion of a strategic funding round to expand its automated decision-making capabilities for financial institutions in the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.
LUMIQ raises Strategic Funding to become AI decision layer for financial services
Today, thousands of customers are waiting for policy issuance, loan approvals, and claims processing because financial services employees are overwhelmed by a sea of decision-making tasks, bearing immense risk if they make a mistake. E-commerce can deliver the same day, yet banks and insurance companies still make decisions in weeks. We built LiteCone to lift this burden: AI handles routine cases, fully accountable and answerable, freeing humans to focus on cases that truly require their judgment. This funding allows us to bring this capability to every financial institution in the most critical markets.
Shoaib Mohammad, Co-founder and CEO of LUMIQ
From Assistive AI to Decision-Making AI
For decades, financial institutions have purchased technology to make employees faster. Data retrieval, credit scoring, intelligent assistants—all speed things up. But decisions still rest with humans. LUMIQ is upending this model. Through its LiteCone platform, the company deploys AI agents that read documents, apply the institution’s own guidelines, and make decisions end-to-end; only escalating cases that truly require human judgment. It doesn’t output suggestions; it outputs decisions, complete with full reasoning, cross-referenced policies, and auditable scrutiny.
The results in production environments are clear. At a leading life insurance company, LUMIQ’s LEO agent handled 75-80% of underwriting cases without any human intervention, reducing policy issuance costs by approximately 25% and compressing processing times from days to under 8 minutes. The system runs 24/7 and is fully auditable end-to-end. Across its client base in insurance, banking, and capital markets in India, the United States, and Southeast Asia, LUMIQ currently processes millions of business decisions annually.
LiteCone transforms a real financial services role into a running AI agent within weeks. Every agent we deploy is consistent, explainable, compliant, and auditable—not as afterthoughts, but built in from the start. This funding allows us to deepen the platform’s capabilities and expand coverage to more roles. By partnering with cloud providers and AI labs, LiteCone will be embedded into the existing platforms of major institutions.
Vaibhav Dobriyal, Co-founder and Chief Product Officer of LUMIQ
This funding round focuses on four priorities: expanding go-to-market efforts in the United States and Southeast Asia; deepening LiteCone’s decision-making capabilities; extending the agent roster to more financial services roles; and building a partner ecosystem with hyperscalers, AI labs, and core banking and insurance platforms to embed LiteCone into institutions’ existing systems.
LUMIQ’s investors back this round for the same reason its clients adopt LiteCone: agents are already making decisions in production, equipped with audit trails and governance capabilities.
As a financial services group, we know that everything depends on executing regulated decisions accurately, balancing speed and scale. LUMIQ has built AI agents that make decisions in production, with built-in audit trails and governance—exactly what the industry has been striving for. We are honored to lead this round and support the team’s expansion in the United States and Southeast Asia.
Lakshmi Iyer, President and CEO of Bajaj Alternates Investment Group
Our confidence stems from what LUMIQ has already built. Their AI agents are not just for the future; they are running efficiently in production today. Companies that combine this level of technical maturity with forward-thinking vision are rare, and their value will only amplify as the company expands globally.
Girish Jhunjhunwala, Private Equity and Venture Capital Fund Manager at Bajaj Alternates
Financial services is one of the toughest sectors to crack—regulated, risk-averse, and zero tolerance for hype. LUMIQ has embedded agentic AI into real-time financial services workflows and earned the trust of major institutions in the United States, Southeast Asia, and India. This is the path to becoming the benchmark in financial services AI, and we are proud to continue supporting the team’s global expansion.
Kitty Agarwal, Partner at Info Edge Ventures
LUMIQ’s goal is to lead one track: automated decision-making for financial services at production scale. Agents execute, not assist, without ever sacrificing audit trails, compliance, or predictability.
About LUMIQ
LUMIQ is an AI-native financial services company. Through its LiteCone platform and growing roster of production-grade AI agents, LUMIQ transforms real financial services roles—insurance underwriters, credit reviewers, claims adjudicators—into agents that are stable, explainable, compliant, and fully auditable. The company combines deep expertise in banking, insurance, and capital markets with cutting-edge AI. LUMIQ has over 350 AI and data experts, with offices in New Jersey, Singapore, and the National Capital Region (NCR) of India.
Website: www.lumiq.ai