Drona Pay, a Mumbai-based SaaS solution, has raised $500K in a seed round led by Varanium Capital, Credit Saison, and fintech experts Kunal Shah, Jitendra Gupta, Amrish Rau, and others.
Drona Pay, founded in 2021 by Satish Kashyap, Pallavi Narvekar, and Sukhdev Sinh Zala, provides real-time protection for financial institutions using ml and proprietary data sets to safeguard them from ever-increasing frauds in payments and lending. BNPL, UPI, credit card, and debit card transactions are all protected by the platform from fraud, scams, collusion, and delinquency.
The company claims that delinquency in BNPL transactions will be reduced in 30 milliseconds, as well as bust off and merchant fraud.