AuthBridge, a Gurgaon, India-based Identity management and authentication startup, raised $7 million in a Series B funding round led by Delhi-based Phi Capital.
Authbridghe will use the freshly-infused capital in technology advancement, strengthen its workforce and launch new product lines.
Company: AuthBridge Research Services
Raised: $7.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Phi Capital
Additional Investors:
Company Website: https://authbridge.com/
Software Category: Identity management and authentication
About the Company: Founded in 2005, Gurugram-based AuthBridge offers technology that helps end-to-end digital platforms to verify, onboard, and manage customers, employees, vendors, and other stakeholders. The startup claims to have over 1,500 clients across more than 30 sectors including Fortune 500 companies and Indian unicorns. Authbridge’s AI and ML-powered products are supported by proprietary identity, education, and criminal databases in the country. AuthBridge recently launched a financial intelligence brand Fintelle which offers KYC, Risk Intelligence, and other digital journeys for the BFSI sector.
Source: https://inc42.com/buzz/authbridge-raises-7-mn-series-b-from-phi-capital/