M&A M&A
Fintech SaaS startup Signzy acquires risk mgmt co. Difenz for $5-M
Source Inc42 (opens in a new tab)
Mumbai-based Fintech SaaS startup Signzy has acquired Bangalore-based fraud risk management (FRM) solutions provider Difenz in a cash and equity deal, valuing the target firm at USD 5 million.The deal will enable Signzy to provide AI-led Know Your Customer (KYC) compliance solutions to financial institutions. It will also help Signzy provide its clients offerings like advanced anti-money laundering (AML) screening and transaction monitoring.Signzy counts Gaja Capital, Vertex Ventures and Arkam Ventures among its investors.