RegTech Firm TSS Consultancy Secures Investment from WestBridge Capital at Rs 900 Crore Valuation

• ByStartupStory     |    September 11, 2023

RegTech firm TSS Consultancy has secured an undisclosed investment from WestBridge Capital, valuing the company at Rs 900 crore in its first funding round. 

The funds will be directed towards research and development, with a particular focus on artificial intelligence. TSS Consultancy plans to scale its SaaS offerings, including ‘Screenzaa,’ and introduce new products in the financial crime sector. 

The Mumbai-based firm specializes in financial technology and compliance solutions and serves more than 350 institutions, including banks, stock brokers, and insurance companies in India, South Africa, and the US. Its software suite, TrackWizz, aids financial institutions in combating financial crimes such as money laundering and terrorist financing. 

“As India walks towards becoming a five trillion economy, the government has been proactive about uprooting unlawful financial activities from our systems. We believe protecting our financial systems and complying with the law of the land is crucial,” Sagar Tanna, Founder and CEO of TSS Consultancy, said. 

He added, “Our mission is to help every financial institution and empower financial soldiers to fight financial crime with cutting-edge technology and data intelligence with reasonable investments in the area of money laundering, KYC, terrorist financing, and insider trading.”

TSS Consultancy has reported a 43% revenue growth in the last year, with a topline of Rs 60 crore. WestBridge Capital manages over $7.5 billion in investment funds and focuses on partnering with mid-sized private and public companies for long-term success.

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