Signzy is a digital bank infrastructure vendor. It has raised Rs 210 crore (or $26million) from investors led by Gaja Capital to finance its development strategy. Signzy reported that Arkam Ventures and Vertex Ventures were also part of the round.
The company will use the funds to expand its product line and encourage platform adoption by financial and banking customers.
Signzy was founded by industry veterans Ankit Ratan and Ankur Pandey in 2015. The digital age is changing the way banks and financial institutions enroll customers and clients.
Signzy’s ‘No-code” product has been well received by financial service companies. Signzy CEO Ankit Ratan said that the solution was designed from scratch to enable banks and financial service providers to quickly roll out fintech-like user experiences.
Signzy’s no-code digitalisation platform is a real hit with us, and we are convinced it will be the best in the world for financial services. Their technology allows banks to transform quickly without having to change their legacy systems,” said Gopal Jain (Managing Partner, Gaja Capital).
The company’s platform “Go”, which is no-code, also provides access to over 240 APIs (application programming interfaces) on a global marketplace. These APIs allow financial institutions to do video know-your customer (KYC), credit checks, asset authentication and loan collection.
Signzy also works with Microsoft and Mastercard.