Ifinity solutions provider raised 205 million through Digital Innovation Fund


Ifinity (Pvt) Ltd, a financial solutions provider primarily focused on digital transformation within the BFSI sector, recently completed a funding round that raised Rs. 205 million through BOV Capital’s Digital Innovation Fund (DIF).

In addition to assisting in fundraising, BOV Capital will provide access to future follow-on funding opportunities while mentoring and assisting the highly qualified senior team at Ifinity in expanding into new international markets.

Ifinity has shown exceptional promise, and we look forward to nurturing that, says Kishan Nadarajah, Principal at BOV Capital.

Ifinity, in collaboration with the preeminent European enterprise software company Temenos, is at the forefront of disrupting the brick and mortar bank branch industry and playing a key role in determining the direction of the local FSI sector. And we are eager to follow them wherever they lead us.

Ifinity, a pioneer in the field of specialised technology services for the banking and financial services industry, adopts a lean-digital agile philosophy to enable financial service institutions to implement digital transformation on a scale never before possible. It strives to make banking invisible and seamless so that people can live richer, more fulfilling lives.

“We are pleased to onboard DIF as our strategic partners to strengthen Ifinity’s journey to help banks to become invisible and make banking a seamless lifestyle activity. With the great team and the world class partnerships we have, and the backing from DIF as our investors, we are confident that we can build a global services company to transform the banking and finance industry. Prior to Ifinity, we were also very lucky to have DIF in our previous startup nCinga Innovations which built the world’s best Apparel MES platform, nFactory,” commented Imal Kalutotage, Chairman of Ifinity.

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