Stellaris, Kalaari lead a ₹24 crore funding round in fintech startup Signzy

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...

Bengaluru-based fintech startup Signzy has raised ₹24 crore in a funding round led by Stellaris Venture Partners and Kalaari Capital.

Other angel investors that participated in the round include Rajan Anandan from Google, Dilip Khandelwal from SAP Labs India, Amrish Rau, CEO of PayU India, and Vikram Chachra, Partner, 8i Ventures.

As part of the deal, Alok Goyal, Partner at Stellaris Venture Partners, will be joining the board of Signzy.

The funds raised will be used to boost technology stack, broaden product portfolio, and expand globally.

Signzy was founded by IIT Delhi alumnus Ankit Ratan, IIT Kharagpur alumnus Ankur Pandey, and Arpit Ratan in 2015. The startup offers digital onboarding solutions using AI and blockchain for banks, NBFC’s and other financial institutions.

The startup counts ICICI Bank, State Bank of India, Mahindra Finance, and Edelweiss, among its investors.

Signzy’s proprietary technology platform simplifies KYC process, runs background checks on customers, detects frauds, mitigates risks, provides contract management systems, helping the firms decrease their operational revenues.

Earlier in May 2018, Signzy raised $600,000 in a round led by Kstart, a seed funding initiative by Kalaari Capital.

In August 2018, it was reported that Signzy was among the ten startups shortlisted for Google Launchpad Accelerator programme in India.

Alok Goyal, Partner at Stellaris Venture Partners, said, “Signzy technology can provide trust solutions not just within onboarding but can be extended to trust solutions across many other transactional processes within financial services. The founders are repeat entrepreneurs and complement each other well with their skill set and have proven their capability with the strong traction in the market.”


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

ALERT: India looking to increase renewable energy target to 450 GW: Modi

--Indo-Asian News Servicern/arm Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire...

Ram Janmabhoomi SPV to build grand temple in Ayodhya: Muslims

By Sumit SaxenaNew Delhi, Sep 23 (IANS) Ram Janmabhoomi, as a juristic personality subject to law, was a 'special purpose vehicle' (SPV) to get...

Chef Carl Ruiz of NY’s La Cubana restaurant dead

New York, Sep 23 (IANS) Celebrity chef Carl Ruiz, the owner of La Cubana restaurant, is no more, the New York restaurant said."On behalf...

Nimrita suicide story fails to cut much ice

Islamabad, Sep 23 (IANS) Suspicious death of Nimrita Chandani, a BDS final year student at Larkana's medical college, dubbed as suicide by some, has...

India aims at oil export infra globally with Indian steel

New Delhi, Sep 23 (IANS) India could soon see a jump in steel exports to countries that are looking to strengthen their oil and...
- Advertisement -

More Articles Like This