Cybrilla Technologies

What Cybrilla Technologies does

Cybrilla Technologies is a SEBI-registered Category 1 Registrar and Transfer Agent (RTA) providing fintech infrastructure for India's mutual fund industry. Founded in 2010 and operating with an 11-50 person team, the company builds the technology layer that connects asset management companies (AMCs) with mutual fund distributors, MFDs, and RIAs. Its two core products are Fintech Primitives (FP), an API platform used by 70+ distribution partners to access mutual fund schemes, and Cybrilla POA (Point of Acceptance), a digital branch that processes mutual fund orders on behalf of AMCs. Cybrilla co-authored the ONDC mutual fund protocol and executed the first live and first production ONDC MF transactions, positioning the company as a first-mover in open-network distribution of Indian mutual funds.

The company's customer base spans 22+ AMCs including HDFC, ICICI, Axis, Kotak, and DSP. Its business model is asymmetric: the platform is offered free of charge to distributors, MFDs, and RIAs as a loss leader, while revenue is generated on the B2B side through per-transaction fees from AMCs for order processing and record-keeping, and on the B2C side through subscription fees for the dRTA investor portal. The model creates a two-sided network where distributor adoption drives AMC interest and vice versa.

Cybrilla is backed by Peak XV Partners, 360 ONE Wealth, Groww, Blume Ventures, DeVC, and Florintree Advisors, with a $2M round from Florintree in December 2022 followed by a Pre-Series A from 360 ONE Asset in October 2025. The strategic overlap between investors and distribution customers (notably Groww, a leading Indian retail broker) signals ecosystem alignment but also potential preferred-partner economics that warrant diligence.

Name

Cybrilla Technologies

Legal name

Cybrilla Technologies Private Limited

Website

https://cybrilla.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Cybrilla Technologies is a SEBI-registered Category 1 RTA providing fintech infrastructure for India's mutual fund industry, operating an API platform (Fintech Primitives) and digital branch (Cybrilla POA) serving 22+ AMCs and 70+ distributor partners.

Ownership category

akta.pro rank

Product category

Mutual Fund Infrastructure Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199)

akta.pro primary industry

Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Mutual fund infrastructure
• API transaction platform
• Registrar transfer agent
• ONDC mutual funds
• Fintech distribution APIs

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. AMC Transaction Processing Fees: AMCs are charged based on orders processed via the Cybrilla platform. Pricing is competitive transaction processing fees with no top-up payment processing fees. This is the core B2B revenue stream from asset management companies.
2. Subscription Fees (dRTA / Investor Portal): Subscription fees for services accessed via the site, applicable to users registered for dRTA (Cybrilla's investor-facing portal). Fees are quoted as mentioned on the site or discussed with concerned users; users are liable from the Date of Commencement.
3. Zero-Cost Distributor Channel (Loss Leader): Service is completely free for intermediaries (MFDs, RIAs) — zero payment gateway, zero annual fee, zero KYC cost. This is a deliberate loss leader used to drive AMC-side transaction volume through broad distributor adoption.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Cybrilla Technologies builds and operates cloud-based fintech infrastructure for India's mutual fund industry. Its two flagship offerings are Fintech Primitives (FP), an API platform that simplifies mutual fund transactions and is used by 70+ partners, and Cybrilla POA (Point of Acceptance), a digital branch that processes MF orders on behalf of asset management companies (AMCs) using ONDC-compliant APIs. Cybrilla is also a SEBI-registered Category 1 Registrar and Transfer Agent (RTA), enabling it to officially accept and route mutual fund transactions for AMCs.

Product overview

Cybrilla Technologies offers a unified fintech infrastructure platform for mutual fund investing in India, built around two complementary core products: Fintech Primitives (FP), their hero API platform that simplifies mutual fund transactions and is used by over 70 partners, and Cybrilla POA (Point of Acceptance), a digital branch platform that processes mutual fund orders on behalf of AMCs through the ONDC network protocol. Together, these products enable AMCs and distributors to streamline processes, cut operational costs, and make investing more accessible, with Cybrilla also serving as a SEBI-registered Category I RTA since March 2024 for direct fund operations and decentralized distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Fintech Primitives (FP): An API platform that simplifies mutual fund transactions; used by over 70 partners.
• Cybrilla POA

Products and services

• Fintech Primitives (FP) API platform that simplifies mutual fund transactions by providing APIs for lumpsum purchases, SIPs, redemptions, KYC, pre-verification, and other order types. Used by over 70 partners across AMCs and distributors to streamline processes, cut operational costs, and make investing easier.
• Cybrilla POA (Point of Acceptance) Digital branch platform that acts on behalf of AMCs to accept and process mutual fund transaction applications from distributors. Implements ONDC MF Specifications (FIS14 v2.1.0), enables zero-cost distribution for intermediaries, reduced transaction processing fees for AMCs, and 100% paperless KYC.
• Cybrilla RTA (Investor Portal / dRTA) SEBI-registered Category 1 Registrar and Transfer Agent service offered to investors and partners. Provides access via a dedicated investor portal (dRTA) with subscription-based access, supporting investor servicing, account management, and record-keeping for mutual fund transactions.

Quantifiable outcome

• Reduces mutual fund distribution costs to zero for intermediaries — zero payment gateway fees, zero annual API fees, zero KYC costs, zero hidden fees
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration34 records

Feature6 records

Partnerships

17 partnerships are on record, tiered flagship amc partnership, major amc integration — ondc launch, major amc integration, major amc integration — ondc live since july 2025, major amc integration — ondc live since aug 2025, major amc integration — ondc live via cybrilla, major amc integration — strategic alignment with investor, flagship protocol partnership and advisory / strategic guidance.

• DSP Asset Managers (DSP Mutual Fund)flagship amc partnershipStrategic or Co-development Partner · 14 July 2025DSP Asset Managers partnered with Cybrilla to become one of the first mutual fund companies to join the ONDC network. The partnership enables decentralized distribution of mutual funds through local entrepreneurs and fintech startups. Cybrilla covers KYC and payment gateway fees, lowering costs for new distributors and reaching first-time investors in smaller cities. Enables products like daily SIPs and goal-based micro-investments.
• UTI AMCmajor amc integration — ondc launchChannel Partner/ Reseller/ Distributor · 22 April 2025UTI AMC joined forces with ONDC and Cybrilla in April 2025 to expand mutual fund reach in smaller cities. UTI Mutual Fund is integrated with Cybrilla POA supporting Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, IndusInd, Yes, IDFC FIRST and UPI payments.
• Aditya Birla Sun Life Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorAditya Birla Sun Life MF is one of 22+ AMCs integrated with Cybrilla POA. AMC addendum published authorizing Cybrilla as Point of Acceptance. Supports UPI and Netbanking payments across HDFC, IDFC FIRST, Kotak, SBI, Axis, ICICI, Yes Bank for same-day settlement.
• HDFC Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorHDFC MF is integrated with Cybrilla POA. Supports UPI and Netbanking across Kotak, HDFC, ICICI, IDBI, IDFC FIRST, SBI, Axis, Yes Bank. One of India's largest AMCs by AUM.
• ICICI Prudential Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorICICI Prudential MF is integrated with Cybrilla POA. Supports UPI and Netbanking across SBI, HDFC, Axis, ICICI, Yes Bank. AMC addendum published authorizing Cybrilla.
• Kotak Mahindra Mutual Fundmajor amc integration — ondc live since july 2025Channel Partner/ Reseller/ DistributorKotak Mutual Fund announced ONDC integration in collaboration with Cybrilla in July 2025. AMC addendum published authorizing Cybrilla as Point of Acceptance. Supports Netbanking and UPI.
• Motilal Oswal Mutual Fundmajor amc integration — ondc live since aug 2025Channel Partner/ Reseller/ DistributorMotilal Oswal Mutual Fund joined ONDC in August 2025 and appointed Cybrilla as service provider. AMC addendum published. Supports Netbanking and UPI.
• Axis Mutual Fundmajor amc integration — ondc live via cybrillaChannel Partner/ Reseller/ DistributorAxis AMC published an addendum for ONDC integration through Cybrilla. Axis Mutual Fund is integrated with Cybrilla POA supporting Netbanking across Kotak, HDFC, Axis, ICICI, IDBI, Yes, IDFC FIRST, SBI and UPI payments.
• Bandhan Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorBandhan MF published an addendum appointing Cybrilla as OPAT (Online Point of Acceptance). Supports Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, IndusInd, Yes, IDFC FIRST (no UPI same-day support).
• Nippon India Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorNippon MF published an addendum authorizing Cybrilla as Point of Acceptance. Supports Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, IndusInd, Yes, IDFC FIRST and UPI payments.
• Edelweiss Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorEdelweiss MF issued a notice-cum-addendum for Cybrilla Point of Acceptance dated 05-09-2025. Supports Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, Yes, IDFC FIRST and UPI payments.
• Invesco Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorInvesco MF issued a notice for transactions through Cybrilla dated October 2025. Supports Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, IndusInd, Yes (no UPI same-day support).
• PGIM India Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorPGIM India MF published an addendum authorizing Cybrilla as Point of Acceptance. Integrated with Cybrilla POA for order processing.
• Quantum Mutual Fundmajor amc integrationChannel Partner/ Reseller/ DistributorQuantum AMC published an addendum authorizing Cybrilla as Point of Acceptance. Supports Netbanking across Kotak, SBI, HDFC, Axis, ICICI, IDBI, IndusInd, Yes, IDFC FIRST and UPI payments.
• 360 One Mutual Fundmajor amc integration — strategic alignment with investorChannel Partner/ Reseller/ Distributor360 One MF published an addendum authorizing Cybrilla as Point of Acceptance. Note that 360 ONE Wealth is also an investor in Cybrilla, creating a strategic alignment between investor and AMC partner. Supports Netbanking only (no UPI same-day) across Kotak, ICICI, IDFC FIRST, IndusInd, Axis.
• ONDC (Open Network for Digital Commerce)flagship protocol partnershipTechnology or IntegrationCybrilla helped write the ONDC protocol for the mutual fund space in August 2024 and became the first company in India to process a live decentralized mutual fund transaction on ONDC. POA APIs use ONDC MF Specifications (FIS14 2.1.0). ONDC enables decentralized, protocol-based distribution.
• SPRV Consultants (Dr. John Mathews, Sujit Prasad, Ravi Varanasi)advisory / strategic guidanceStrategic or Co-development PartnerCybrilla is advised by Dr. John Mathews (IICA & IoD Certified Director, AML/Compliance Expert, ex-HDFC AMC EVP), Mr. Sujit Prasad (Founding Partner SPRV, ex-SEBI Executive Director), and Mr. Ravi Varanasi (Founding Partner SPRV, ex-NSE Group President). These advisors bring deep regulatory, capital markets, and compliance expertise to Cybrilla's governance.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Emerging players

• INDmoney: Indian super-app for mutual funds, stocks, and other investments, integrating multiple AMCs. Overlaps with Cybrilla's distributor-side mission (aggregated MF access) but is a consumer-facing platform rather than infrastructure.
• Kuvera: Direct mutual fund investment platform in India offering commission-free MF investing. Comparable as a distributor-side customer/competitor in the MF distribution value chain where Cybrilla provides infrastructure.
• Yap Financial Services: Indian fintech infrastructure platform offering banking, payments, and investment APIs to fintechs. Comparable to Cybrilla's Fintech Primitives in providing API-first rails to distributors/wealth-techs, including some MF distribution integrations.
• Setu (by House of Kontoto): India-focused fintech API infrastructure provider covering payments, account aggregation, and investments. Comparable to Fintech Primitives in providing API building blocks for fintechs, though broader in scope and not an RTA.

Broad incumbents

• MStock (by Mirae Asset) / Mirae Asset platforms: Broader capital-market intermediary (broker/dealer) with growing MF and wealth-tech distribution. Comparable in serving end investors in MFs; differs in being an AMC/broker-led platform rather than independent RTA infrastructure.
• Perfios (fintech data/infrastructure): Indian fintech data and decisioning infrastructure platform serving lenders, wealth-techs and financial institutions. Adjacent to Cybrilla in providing API-first infrastructure (KYC, verification, financial data) to financial services platforms in India.

Direct peers

• KFin Technologies: Leading Indian RTA and fintech services provider to AMCs, AIFs, and corporate issuers. Direct competitor offering registrar/transfer agent services, investor servicing, and digital transaction infrastructure similar to Cybrilla's RTA + POA stack.
• CAMS (Computer Age Management Services): India's largest Registrar and Transfer Agent (RTA) for mutual funds, serving the majority of AMCs. Directly comparable as a regulated RTA processing MF transactions and a key infrastructure layer in the Indian MF ecosystem where Cybrilla competes.
• MF Central: SEBI-registered online RTA aggregator platform (joint initiative of CAMS and KFintech) for consolidated MF investor servicing. Comparable as a digital RTA front-end layer in India's MF ecosystem; Cybrilla's dRTA and POA are positioned alongside/against this aggregator.

Others

• MFCentral / CAMServ / KServ (RTA tech tooling ecosystem): Broader RTA tech tooling, KYC, and back-office service ecosystem that competes with or complements Cybrilla's KYC Forms, Pre-Verification and lookup APIs for MF onboarding and servicing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cybrilla-technologies
• Xx.com/Cybrilla

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cybrilla Technologies