Signzy Raises ₹40 Crores from Arkam, Mastercard, Kalari Capital & Stellaris Venture Partners
Digital KYC startup Signzy raised $5.4 Mn USD from Arkam, Mastercard,Kalari Capital & Stellaris Venture Partners.
Founded in 2015 by Ankit Ratan, Ankur Pandey, and Arpit Ratan, Signzy offers a digital onboarding solution for banks, NBFCs, and other financial institutions. It uses AI and blockchain to provide smart e-verification and risk prediction and aims to simplify and secure digital regulatory processes. Its applications are in banking, insurance, mutual fund, payments, and cryptocurrency.
The company competes with IDfy, Yoti, inVoid, HyperVerge, Helloverify, Syntizen, SignDesk, Veri5Digital, and Karza Technologies, among others in the Indian market.
Currently, Signzy has over 50 financial institutions in India across banks, NBFCs, insurance companies, wallets, asset management companies and payment service providers. Some of their consumers include - Mswipe, PayU, SBI and ICICI Bank.