The Bengaluru-based platform would deploy the fresh capital to boost its product portfolio. Signzy has filed eight patents so far in the US and nine in India for its innovations. Earlier this year, the company received a US patent for banking in the metaverse
Digital banking infrastructure provider Signzy announced that it has raised about $26 million from Gaja Capital and its existing investors, Vertex Ventures and Arkamp Ventures.
The Bengaluru-based platform would deploy the fresh capital to boost its product portfolio. The Bengaluru-based fintech company would use fresh funds to boost its product portfolio toward greater adoption of its platform by banking and financial services customers.
Ankit Ratan, CEO of Signzy, mentioned that the platform has seen strong adoption of its No-code product from the ground up by financial services companies. The solution has been developed to enable financial service providers to roll out and offer a fintech-like user experience.
Ratan, Ankur Pandey, and Arpit Ratan founded the platform in 2015. The company’s No-code AI platform, called 'GO' is seeing significantly accelerated adoption across banks and financial services providers.
Gopal Jain, Managing Partner, Gaja Capital, stated that it has been enabling banks to undergo rapid transformation without changing the underlying legacy systems.
Signzy has filed eight patents so far in the US and nine in India for its innovations. Earlier this year, the company received a US patent for banking in the metaverse. Signzy was recently granted an authorisation certificate by the International Financial Services Centers Authority (IFSCA) as its fintech partner for a unified Know Your Customer (KYC) solution and customer on-boarding digital infrastructure.