India Deal Monitor: Signzy snags $5.4m from Arkam, Mastercard and more updates

Bengaluru-based Signzy, a no-code AI platform, has raised $5.4 million in a fresh funding round from Arkam Ventures and Mastercard. Existing investors Kalaari Capital and Stellaris Venture Partners also participated in the current round.

Founded in 2015 by Ankit Ratan, Arpit Ratan and Ankur Pandey, Signzy helps financial services automate risk and compliance processes. The startup plans to invest heavily to strengthen its AI research and global sales to tap into the increased demand, per a statement.

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