PE Fund Investments
Fintech co. Signzy raises Rs.210-Cr led by Gaja Capital
Bengaluru-based digital banking infrastructure provider Signzy has raised INR 210 crore (USD 26 million) from investors led by Gaja Capital. Existing investors Vertex Ventures and Arkam Ventures also participated in the round. Signzy, founded in 2015, provides a digital software platform to help fintechs, financial institutions and banks with multi-channel onboarding, as well as automates back-office operations through artificial intelligence. The company will use the fresh capital to bolster its product line and drive adoption of its platform across banking and financial services clients. The firm's no-code platform “Go†also provides access to an aggregated marketplace of over 240 Application Programming Interfaces (APIs), helping partner institutions with video KYC verification, credit checks, asset authentication and loan collections.
From the Venture Intelligence PE-VC Deal Database: Between Feb-17 and Dec-20, Signzy had raised over USD 12 M from Arkam Ventures, Vertex, Stellaris Venture Partners, Kalaari Capital, Contrarian Drishti, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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