While most artificial intelligence in financial services remains advisory, LUMIQ has built the layer that owns the decision. The company deploys autonomous, auditable AI agents that make regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia, including major institutions in insurance, banking, and capital markets.
Strategic Funding Announced
NEW YORK and SINGAPORE, June 19, 2026 — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across 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.
From AI That Assists to AI That Decides
For decades, financial institutions have bought technology that made their people faster—faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution's own guidelines, and reach the decision end to end, escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.
Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, or a claim to be adjudicated because somewhere a financial services employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. LUMIQ built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets the company bring that to every financial institution in the markets that matter most.
Proven Results in Production
The results in production speak clearly. At a leading life insurer, LUMIQ's LEO agent decides 75–80% of underwriting cases with zero human touch, reduces policy issuance cost by roughly 25%, and compresses turnaround from days to under eight minutes—running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.
LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent deployed is consistent, explainable, compliant, and auditable by design—not as an afterthought. This capital lets the company go deeper on the platform and broader across roles. Through cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Funding Priorities
This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone's decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.
