Indian fintech and adtech Vigyos Centre secures Rs 1 crore funding from Japanese investors and Softbank employees for R&D and infrastructure development
- ByStartupStory | April 4, 2023
A fintech and adtech company based in India, Vigyos Centre, has received Rs 1 crore in funding from Japanese investors, along with the participation of employees from Softbank. The company plans to allocate the funds towards enhancing its research and development department, hiring skilled personnel, and establishing a strong technology infrastructure.
“The company has been incubated by Indian Institute of Management in Bangalore and is founded by Kanishq Gupta and Faiz Khan. They are targeting small and middle enterprises, providing them with more than 200 financial services in offline as well as online modes, in tier 2 and 3 cities by the means of franchise setup. They give SMEs loans to increase the present capacity or set up a new business, assist in filing patents, register trademarks, etc,” the firm said.
The fintech firm assigns a personal consultant to every small and medium enterprise to offer support regarding critical concerns. Additionally, the company furnishes a dashboard to all customers that grants them access to information regarding their loans, including the disbursed amount, repayment terms, tax status, and reminders for filing taxes, among other features. Vigyos Centre concentrates on crafting and delivering advertising solutions in the ad tech sector.
Kanishq Gupta, founder of Vigyos Centre shared, “Many times the SMEs are not able to grow due to lack of funds. We have also found them developing cutting-edge technologies, but unfortunately due to a lack of procedural knowledge, they haven’t patented their innovation. This makes them vulnerable to theft and exploitation. Our team apart from giving them loans also assist in filing patents and helping them to expand. This funding will help us in upgrading our technological infrastructure that will help in reaching out to more SMEs.”
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