Digital banking infrastructure provider Signzy raisess $26 million in funding from Gaja Capital
- ByStartupStory | September 26, 2022
Signzy, a digital banking infrastructure vendor, has secured Rs 210 crore (or $26 million) from investors headed by Gaja Capital to fund its development strategy. Signzy informed that existing investors Vertex Ventures and Arkam Ventures also participated in the round.
The company would utilize the funds to expand its current product range and promote platform adoption among banking and financial services customers.
Signzy was established in 2015 by industry veterans Arpit Ratan, Ankit Ratan, and Ankur Pandey. How banks and other financial organizations enroll new customers and clients in the digital age is undergoing a dramatic transformation.
“Signzy has seen strong adoption of its ‘No-code’ product by financial services companies. The solution has been developed from the ground up to allow banks and financial services providers to roll out and offer fintech-like user experiences in a matter of days,” said Ankit Ratan, CEO of Signzy.
“The team at Signzy has really impressed us with their no-code digitalisation platform for the financial services industry, which we believe is the first-of-its-kind anywhere in the world and solves real pain points for their customers, Their technology has been enabling banks to undergo rapid transformation without changing the underlying legacy systems”, said Gopal Jain, managing partner, Gaja Capital.
The company’s no-code platform, “Go,” also gives access to a marketplace of over 240 application programming interfaces (APIs). These APIs help partner financial institutions do things like video know-your-customer (KYC) verification, credit checks, asset authentication, and loan collections.
Signzy works with Mastercard and Microsoft as well.
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