Identity management and authentication startup AuthBridge raised $7 million in Series B led by Delhi-based Phi Capital. Authbridghe will use the freshly-infused capital in technology advancement, strengthen its workforce and launch new product lines.
AuthBridge provides technology that assists end-to-end digital platforms in the verification, onboarding, and management of customers, employees, vendors, and other stakeholders. The startup claims to have over 1,500 clients from over 30 industries, including Fortune 500 corporations and Indian unicorns. AuthBridge recently launched Fintelle, a new-age financial intelligence brand that covers KYC, risk intelligence, and other digital journeys for the BFSI sector. Arya Vaidya Pharmacy, Classic Legends, Krsnaa Diagnostics, and Minda Corporation Limited have also received investments from Phi Capital.