“Can an AI-native, agentic risk platform displace legacy fraud/AML vendors (Feedzai, NICE, SAS) across the full onboarding-credit-fraud-compliance stack?”
Founded 2021 by Confluent co-founder Neha Narkhede and ex-Meta engineer Sachin Kulkarni as an AI-native risk decisioning platform. Self-funded with $20M to avoid outside investor pressure and move fast. Positioned as an 'agentic risk platform' spanning onboarding, credit underwriting, fraud, and AML compliance — competing directly with Feedzai, Unit21, Alloy, and Sardine. Notable customer wins include SoFi, MoneyGram, Nuvei, and TransPecos Banks (sponsor-bank AML).
Oscilar processes payments through astra.
Oscilar's lending and capital products are provided by afterpay.
Oscilar connects to bank accounts through Plaid, Mastercard Open Finance and MX.
Oscilar uses Oscilar for fraud prevention.
The Embedded Finance Index 2026 maps 5 layers in Oscilar's stack: Payments / PSP (astra); Lending (afterpay, B2C Credit Underwriting, B2B Credit Underwriting, Portfolio Monitoring and 1 other); Open banking (Plaid, Mastercard Open Finance and MX); Unified APIs (Codat, Rutter and Argyle); Fraud (Oscilar).
Oscilar was founded by Neha Narkhede and Sachin Kulkarni and is founded in 2021, headquartered in Palo Alto, California, USA.
Oscilar has raised $20M in total (latest round: Self-funded, 2023).
Get a read on where your own stack stands against Oscilar and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.