Regulatory compliance focused fintech co. Data Sutram raises $9-M from B Capital, Lightspeed

Mumbai-based Data Sutram , a fintech startup that enables financial institutions to curb fraud and ensure regulatory compliance, has raised USD 9 million through a mix of primary and secondary funding. The funding round was co-led by B Capital and Lightspeed Ventures.The company will use the capital to expand its team, boost product capabilities and accelerate development of its artificial intelligence (AI)-driven platform.Data Sutram, which focuses on serving lenders and banks, will also use the new funding to support its expansion into other sectors such as cryptocurrency, real-time payments, gaming, ecommerce, quick commerce and insurance.