Actyv.ai, a Bangalore, Karnataka-based AI-powered enterprise software-as-a-service (SaaS) platform with buy-now-pay-later (BNPL) for B2B embedded, raised $5 million in pre-Series A funding.
The investment round was from the Dubai-based 1Digi Investment management firm.
The company plans to use the fresh funds to scale and expand globally, now that it has an established foothold in India.
“Our immediate focus now will be to onboard top-tier talent across R&D, product management and engineering, sales and marketing/business development and corporate development across India (multi-location), Singapore, London, Dubai and Eastern Europe,” said, Raghunath Subramanian, founder, and CEO of actyv.ai.
Company: Autolytics Technology Private Limited
Raised: $5.0M
Round: pre-Series A
Funding Month: February 2022
Lead Investors: 1Digi Investment management firm
Additional Investors:
Company Website: https://www.actyv.ai/
Software Category: Enterprise SaaS
About the Company: Actyv.ai, is an artificial intelligence (AI)-powered enterprise software-as-a-service (SaaS) platform with buy-now-pay-later (BNPL) for B2B embedded. Actyv.ai is used by large enterprises such as Britannia, Nivea, Adani Wilmar, and others to transform their supply chains and to empower their partners with an intuitive platform and financial products. Its scoring enables financial institutions to provide unsecured, low-interest, closed-loop credit (BNPL for B2B) for SMBs. Actyv.ai partners with leading FIs and provides instant access to capital for the partner SMBs along with providing intuitive Digital Tools.
Source: https://www.vccircle.com/enterprise-saas-platform-actyv-ai-snags-5-mn-in-pre-series-a-round