Actyv.ai, an enterprise SaaS platform, has raised $5 million in a pre-Series A investment

• ByStartupStory     |    February 17, 2022

Actyv.ai, an enterprise Software-as-a-Service (SaaS) platform, recently secured $5 million in a pre-Series A investment from 1Digi Investment Management, the family office of Raghunath Subramanian, the company’s global Chief Executive Officer (CEO).

Raghunath Subramanian, Raghu Venkat, and Ramkumar Thirumurthi formed the Bangalore-based firm in April 2019.

For B2B (business-to-business) transactions, Actyv.ai provides a platform with the Buy Now Pay Later (BNPL) functionality. Actyv.ai intends to scale and develop internationally with this funding.

Actyv.ai helps corporations address difficult business challenges by utilising current IT systems and allowing small and medium businesses (SMBs) to rapidly access working cash. Banks gain access to eligible SMB data on a silver platter, allowing them to provide new B2B BNPL lending programs.

Large companies like Britannia, Nivea, Adani Wilmar, and others utilise Actyv.ai’s simple platform and financial solutions to revolutionise their supply chains and empower their partners. Financial institutions can use its score to provide SMBs with unsecured, low-interest closed-loop credit (BNPL for B2B).

These businesses may utilise the startup’s platform to find platforms and digitally hire or onboard them. Actyv.ai looks for mistakes and frauds in the partner’s paperwork throughout the onboarding process, then analyzes the data to build the partner’s Financial Health Report and Actyv Score.

It also enables financial institutions like Kotak Mahindra Bank, Axis Bank, and others to offer SMBs unsecured, low-interest closed-loop credit (BNPL for B2B) based on this score.

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