Actyv.ai, an AI-powered Enterprise SaaS platform with BNPL for B2B embedded, has raised USD $5 million in a Pre-Series A funding round from Dubai-based 1Digi Investment management firm, the family office of Raghunath Subramanian, Global CEO, Actyv.ai.
This development is likely to help Actyv.ai in scaling and expanding globally.
“We have pioneered the B2B BNPL space in the closed loop ecosystem comprising Enterprises, SMBs and Financial Institutions. With AI as the first citizen, Actyv.ai platform enables quick and efficient onboarding, comprehensive health assessment & scoring of SMBs. As Category Creators we know there is a tremendous opportunity to bridge the gaps prevalent in the supply chain ecosystem globally,” said Raghu.
Actyv.ai is an Enterprise SaaS low-code no-code platform. It is used by enterprises (like Britannia, Nivea, Adani Wilmar and others) to transform their supply chains and to empower their partners with an intuitive platform and financial products. Actyv Score enables financial institutions like Kotak Mahindra Bank, Axis Bank and others to provide unsecured, low-interest, closed-loop credit (BNPL for B2B) for SMBs.
“Having created the platform which brings together the financial institutions and enterprises to help SMBs, we are confident that Actyv.ai has the potential to reach the under-served category and evolve as a game changer in the B2B space,” Raghu added.
Actyv.ai solves complex business and real-life problems for enterprises by leveraging existing IT systems (using the low-code no-code workbench of Actyv.ai) and SMBs to access working capital instantly while providing banks with qualified SMB data on a platter to extend innovative B2B BNPL credit programmes.
“Keeping these in mind, our immediate focus now will be to onboard globally, top-tier talent across R&D, Product Management & Engineering, Sales & Marketing/Business Development and Corporate Development across India (Multi-location), Singapore, London, Dubai and Eastern Europe,” Raghu Said.