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Signz raised $ 5.4 million in funding

On october 21 2020, Signzy raised $5.4 million from Arkam Ventures and Mastercard, a forum for artificial intelligence.

In the funding round, established investors Kalaari Capital and Stellaris Investment Partners have participated.

Signzy, which provides a ‘no-code AI platform’ that helps simplify risk and compliance processes for financial services, said it was currently grappling with a huge rise in global demand for its solutions due to the Covid-19 pandemic.

Signz was founded in 2015 by Ankit Ratan, Ankur Pandey, and Arpit Ratan, an IIT student. They are active in sectors such as finance, financial services, fintech, risk management, software, etc. Signzy is a fintech company that offers a no-code AI platform that helps to simplify risk and compliance processes for financial service companies.

The platform utilizes artificial intelligence, cryptography and provides algorithmic risk intelligence for biometric-enabled digital contracts and due diligence.

 

“Not only has the current pandemic changed the speed of digitalization in the field of financial services, but it has also contributed to increased demand for non-contact solutions. In order to keep up with the rising demand, we have worked hard. In our efforts to scale up our AI capabilities and to access an ever-expanding global business potential, this fundraising is a timely boost. We will also use these funds to deepen our customer experience,” said Ankit Ratan, Signzy’s co-founder.

Last year, the corporation filed three new patents and plans to file more in the coming year. “Bala Srinivasa, Arkam Ventures’ Managing Director, said, “It was impressive to see the evolution of Signzy in a short span of time into a word-class risk and compliance management provider.

Due to its cutting-edge technology and observable value proposal, some of the largest and most demanding banks and financial services in India and globally have embraced the Signzy solution

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