Signzy, a supplier of digital banking infrastructure with headquarters in Bengaluru, has disclosed raising Rs 210 crore (about $26 million) in its most recent round of fundraising from Gaja Capital and previous backers Vertex Ventures and Arkam Ventures.
Ankit Ratan, Ankur Pandey, and Arpit Ratan founded Signzy in 2015 to provide banks and other financial institutions with API solutions for real-time digital customer onboarding. In terms of financial service use cases, it provides more than 240 APIs. The business’s GO No-Code platform, powered by artificial intelligence (AI), assists its clients in quickening the digital transformation process.
For banks, NBFCs, and other financial institutions, Signzy provides a digital onboarding solution that focuses on making compliance and onboarding processes simple while also ostensibly lowering the risk of fraud.
Ankit Ratan, CEO of Signzy said in the statement “The financial services industry is undergoing a massive and multi-year digital transformation and we have only seen the tip of the iceberg so far. Signzy has seen strong adoption of its No-code product by financial services companies as they start on their once-in-a-lifetime digital transformation journey,”