Signzy, a Bengaluru, India-based provider of digital banking infrastructure, announced that it raised Rs 210 crore (around $26 million) in Series B funding.
The round was led by Gaja Capital, Vertex Ventures, and Arkam Ventures.
The funds will be used to enhance its no-code workflow digitalization platform and solutions for global banks and financial services suppliers.
"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," said Ankit Ratan, CEO of Signzy.
Company: Signzy Technologies Private Limited
Round: Series B
Funding Month: September 2022
Lead Investors: Gaja Capital
Additional Investors: Vertex Ventures and Arkam Ventures
Company Website: https://signzy.com/
Software Category: Fintech Solutions
About the company: Founded in 2015 by Ankit Ratan, Ankur Pandey, and Arpit Ratan, Signzy offers API solutions to banks and financial institutions for the digital onboarding of customers in real time. It offers over 240 APIs across financial service use cases. The company's artificial intelligence (AI)-led No-Code platform, GO, helps its customers accelerate digital transformation. Signzy works with almost 250 financial institutions, including four of India's leading banks, the top three US acquiring banks, and Microsoft and Mastercard. The company owns eight US and nine Indian patents. The company has a US patent for metaverse banking.