Angel Investments
Tech-enabler for financial services Actyv.ai raises $7-M
Actyv.ai, a SaaS (software-as-a-service) startup offering financial services, has raised USD 7 million as part of its pre-Series A round of funding from 1Digi Ventures, a family office based out of Singapore. Based out of Bengaluru and with its global headquarters in Singapore, Actyv.ai will use this funding round towards market expansion, product enhancement, and for hiring talent. Actyv.ai has now cumulatively raised USD 12 million from its pre-Series A round, with the earlier tranche of USD 5 million coming in last year from the same family office. This startup is in talks to raise its next Series A round of funding and expects to close in another 3-4 months. Founded in 2019 by Raghunath Subramanian, Actyv.ai provides the technology platform that connects an enterprise with its suppliers and distributor channels, enabling credit facilities for the suppliers and distributors.
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