Mastercard and ACPL infuse an undisclosed amount in SaaS-based solution provider platform Syntizen Technologies

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Mastercard and ACPL has invested an undisclosed amount as part of Pre-Series A funding round in digital identity solutions provider Syntizen Technologies.

The platform will use the funding to strengthen its product offerings, as well as, drive aggressive expansion in India and across the world.

It will also help catalyse adoption of its business solutions.

The startup said that this will be done by reinforcement of its core product offerings for digital identity check, talent acquisition, and further enhancement of electronic customer on-boarding platform.

Vamsi Kotte, Co-founder and CEO, Syntizen, said, “We are extremely happy to be funded by Mastercard and ACPL. This partnership will help us penetrate much faster in digital identity solutions business as well as the global market. Our simple and secure digital identity check process helps companies to validate and verify a customer instantly for service delivery. On the other side, our time and attendance-based subsidy management systems enable governments to save crores of rupees every year. With this partnership, we envision to add more value to this platform, its solutions, and above all, our clientele’s processes.”

Syntizen Technologies was founded by Siddharth Kukatlapalli, Vamsi Kotte, and Dinesh Desu in 2014. It offers digital identity solutions to regulated organisations and state governments in India by leveraging its proprietary Aadhaar-based solution.

The platform also offers a digital affiliation solution, which allows any institution (school or college) to get affiliation digitally from any university.

Rajeev Kumar, Senior Vice President, Market Development, South Asia, Mastercard, added, “Mastercard’s investment in Syntizen is part of the organisation’s commitment to foster India’s startup ecosystem and the fintech revolution, through both partnerships and capital infusion. Syntizen has exhibited a unique ability to develop meaningful technology solutions from its industry knowledge and on-ground initiatives. Mastercard is proud to help Syntizen scale up and achieve success in the market.”


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Jaffna international airport inaugurated with Alliance Air flight

Colombo, Oct 17 (IANS) Sri Lanka's third international airport, the Jaffna International Airport (JIA), was declared open on Thursday,...

2-wheelers exempt from odd-even, Rs 4K fine on violations (Lead)

New Delhi, Oct 17 (IANS) Delhi Chief Minister Arvind Kejriwal on Thursday listed out dos and don'ts for the Odd-Even scheme, which is going...

MHA to organise police parade, awards on National Unity Day

By Sumit Kumar SinghNew Delhi, Oct 17 (IANS) As part of plans to celebrate National Unity Day on October 31 on a grand scale...

When Aditya Seal made Krystle D’souza nervous

Mumbai, Oct 17 (IANS) Actress Krystle Dsouza says she was initially nervous about working with "Student Of The Year 2" actor Aditya Seal on...

Mining operations continue to remain affected in Odisha

Bhubaneswar, Oct 17 (IANS) Mining operations continued to remain paralysed at Talcher Coalfield of Mahanadi Coalfields Ltd (MCL) in Odisha, an official said on...
- Advertisement -

More Articles Like This