AI/ML-Based Fintech Start-up Impactsure Raises $1 Mn in Seed Capital to Fund Growth
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| Impactsure Founders (LR) – Ashish Jha, Co-Founder & COO; Dharmarajan, Founder Director and CEO; Subramaniyan N, Founder Director |
Impactsure Technologies raises USD 1 million as seed capital to finance its growth
The AI-powered document analytics firm is attracting investors from the US, UK and India in its first ever fundraising activity
Impactsure Technologies (Impactsure), an Artificial Intelligence (AI) and Machine Learning (ML) powered digitization and analytics company that simplifies complex operations in corporate banking and trade finance, has raised US$1 million in seed capital in its first fundraising to fund its growth. activities. The participants in this round are people who have invested in their personal capacity. The company did not disclose the valuation and dilution of the stake from this round.
Impactsure provides trade finance solutions that enable banks, financial institutions and corporations with advanced intelligent data analysis and document processing, using artificial intelligence (AI) and machine learning (ML), for critical processing and compliance-related requirements that improve business results and customer experience, increase operational efficiency and reduce compliance risk. The market for addressable trade finance solutions is estimated at $3 billion, and the value of global trade is expected to be $24 trillion by 2026.
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| Impactsure Founders |
Commenting on the financing, Mr. Dharmarajan Sankara Subrahmanian, Founder Director and CEO, Impactsureso, “The amount raised in this round will be used for acquisition of key talent and resources, customer acquisition, geographic expansion, branding, marketing and business development; and towards IP, digital product resources and technology tools, infrastructure. We envision double-digit growth opportunities in the BFSI space for our flagship automation product, SureMatch. This incremental capital will enable us to fully exploit the new opportunities.”
To support its growth, Impactsure recently expanded its senior leadership team by bringing in BFSI Chief Technology Officer, Ramasubramanian S (Sriram) as President, Banking Operations and Human Resources Specialist, Vinu Pillai as Head of HR.
Impactsure has entered into several strategic alliances and partnerships with established players in the technology market, including Google, Deloitte, Microsoft and Amazon, to expand its reach and impact. The company was recently recognized as a Star Performance (New Entrant) in the Transaction Banking (Trade Finance) category in the coveted IBSi Annual Sales League Table 2022. Impactsure also won the Best Trade Finance Implementation Award for Best Use of Tools and Governance, at IBS Intelligence Global FinTech Innovation Awards 2021.
About Impactsure Technologies:
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Impactsure creates AI products for banks, financial institutions and enterprises to enable digital transformation. The company uses the latest AI/ML and NLP technologies to build user-centric tools and scalable and secure solutions. These offerings are developed by experts who have extensive experience in analytics, multiple domains and technology; they empower customers to deliver valuable business and operational results. For more information, visit www.impactsure.com
