Treasury solutions provider IBSFINtech raises $1-M

Bengaluru-based IBSFINtech India Pvt Ltd (IBSFINtech), a player in Treasury, Risk & Trade Finance Management solutions, has raised about USD one million in a pre-Series A round led by HNI investors. The financing round was led by Prem Rajani (Managing Partner, Rajani Associates), and N Jayakumar and Akshay Gupta (Management Team, Prime Securities). IBSFINtech will use the funds to launch the SaaS TMS (Treasury Management solution) in the domestic market and boost its global growth plans.