Bengaluru-based digital banking infrastructure provider Signzy said it had raised ₹210 crores from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures.
Story so far: The fintech company is planning to use the funds to boost its product portfolio. Founded by Ankit Ratan, Ankur Pandey and Arpit Ratan in 2015, Signzy is a no-code AI platform called GO. It is being increasingly adopted by numerous banks and financial service providers.
- This technology is allowing banks to undergo transformation without disturbing underlying legacy systems.
- It allows banks and financial institutions to offer fintech-like user experiences.
Patents: The company has filed 8 patents in the US and 9 in India. It also received a US patent for banking in the metaverse this year. Signzy was also granted an authorisation certificate by the International Financial Services Centres Authority (IFSCA) for a unified KYC Solution.