FinX: Bridging the Skills Gap in India’s BFSI and Tech Sectors

In a rapidly evolving job market, the disconnect between academic education and industry requirements has become increasingly evident. Addressing this challenge head-on is FinX, a Mumbai-based skilling platform founded in 2019 by Himanshu Vyapak and Upasana Koul.

Founders’ Vision

Himanshu Vyapak, with a rich background in financial services. Upasana Koul (Ex-Co-Founder) envisioned FinX as a solution to India’s employability crisis. Their mission: to equip students with practical skills tailored to the Banking, Financial Services, and Insurance (BFSI) sector. More recently, the Information Technology (IT) industry.

Strategic Growth and Impact

FinX’s approach combines vocational training with industry-recognized certifications, ensuring graduates are job-ready. Collaborating with over 400 colleges and universities across 12 states, FinX has trained more than 40,000 students, focusing on Tier II and III cities to maximize impact.

The platform’s success attracted significant investment, with a $6 million seed funding round led by Elevar Equity in December 2024. This capital infusion is earmarked for expanding geographical reach, diversifying product offerings, and venturing into IT training programs.

Strategic Acquisitions

To bolster its offerings, FinX acquired the Centre for Investment Education and Learning (CIEL) in 2019, a move that expanded its corporate training capabilities. More recently, in May 2025, FinX acquired the BSE Institute for ₹16.9 crore. This acquisition enables FinX to offer courses in emerging fields like cybersecurity, data science, and artificial intelligence, leveraging BSE Institute’s infrastructure in Mumbai, Delhi, and Kolkata.

Future Outlook

With a team of over 80 associates and a network of more than 1,000 freelance trainers, FinX is poised for significant growth. The company’s focus on practical, industry-aligned education positions it as a key player in addressing India’s skill development challenges.