Signzy, a supplier of digital banking infrastructure, announced on Monday that it has secured Rs 210 crore (about $26 million) from Gaja Capital and its previous investors, Vertex Ventures and Arkam Ventures.
The Bengaluru-based fintech firm intends to use the new cash to expand its product range in order to increase platform adoption by global banking and financial services customers.
“Signzy has seen strong adoption of its ‘No-code’ product by financial services companies. The solution has been developed from the ground up to allow banks and financial services providers to roll out and offer fintech-like user experiences in a matter of days,” said Ankit Ratan, CEO of Signzy.
Ratan, Ankur Pandey, and Arpit Ratan founded the firm in 2015, and their ‘No-code AI platform named GO’ is witnessing dramatically increased adoption among banks and financial services companies.
Signzy has so far filed eight patents in the United States and nine in India for its technologies.
Earlier this year, the business secured a US patent for metaverse banking.
The International Financial Services Centres Authority (IFSCA) recently gave Signzy an authorisation certificate as its fintech partner for unified KYC Solution and customer on-boarding digital infrastructure.
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