Credit analysis platform Finmind raises angel funding

Fintech startup FinMind has raised angel funding from well-known Alok Gupta and Amit Maheshwari. Gupta is the chief executive officer of one of the largest diversified business conglomerates in the Middle East. Maheshwari heads AKM Global, a leading tax firm in India. FinMind offers automated credit analysis of corporate entities through its proprietary algorithm and SaaS platform. FinMind uses algorithms to process, analyse and interpret a company's financial statements and generate key insights. It assesses credit risk events and generates credit ratings with default probability, without any human intervention and based on data analytics and artificial intelligence.