Signzy raised $3 Mn from Vertex Ventures to strengthen it's AI platform

AI-powered fintech company Signzy raised $3 Mn in a funding round led by Vertex Ventures, existing investors Kalaari Capital and Stellaris Venture Partners also participated in the round.

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, with applications in banking, insurance, mutual fund, payments, and cryptocurrency.

With the fresh capital coming in the company plans to invest in strengthening its AI platform and expanding its global sales team.