IntelleWings an India-based AI-powered and SaaS-enabled AML/CFT (Combating the Financing of Terrorism) Compliance company, announced that it raised $650,000 in pre-Series A round from Dallas Venture Capital (DVC), a cross-border venture capital firm focused on early and growth-stage companies in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies.

This round saw existing investors like SucSEED Indovation Fund, Padup Ventures, and Vinners, with the participation of new investors like Lead Angels and Nextgen Technology Fund I (a fund created by STPI and managed by Pontaq).

The fresh capital will help IntelleWings in business development, hiring senior leadership, and expansion into new markets including the US.

Company: IntelleWings Private Limited

Raised: $650.0K

Round: pre-Series A

Funding Month: March 2022

Lead Investors: Dallas Venture Capital (DVC)

Additional Investors: SucSEED Indovation Fund, Padup Ventures, Vinners, Lead Angels, and Nextgen Technology Fund I

Company Website: https://www.intellewings.com/

Software Category: AI-powered and SaaS-enabled AML/CFT

About the Company: IntelleWings develops Anti-money laundering and customer screening solutions with a clear, concise, and fresh perspective. Founded by a team of experienced business and technology professionals, Intellewings is determined to introduce game-changing solutions and products. IntelleWings is emerging as a significant player in the RegTech (Regulatory Tech) market and counts among its customers one of the largest private sector banks in India along with 10 other DNFBPs (Designated Non-Financial Business and Professions) clients in the Middle East. A dedicated business research division ensures that Intellewings solutions are constantly upgraded to stay ahead of the curve. Intellewings is headquartered in India and has clients in India and UAE. 

Source: http://bwdisrupt.businessworld.in/article/IntelleWings-Raises-Pre-Series-A-Round-From-Dallas-Venture-Capital/31-03-2022-424123/