AI-Powered FinTech Start Up Raising Funds In Ahmedabad

About Business

A new AI-driven startup, founded in early 2024 and based in Gujarat, is making significant strides in digital identity verification, especially for the Banking, Financial Services, and Insurance (BFSI) sectors. The company’s mission is to redefine how identity is verified globally by offering secure, scalable, and localized solutions for a variety of market needs.

Key Solutions and Services

This company's product suite includes an AI-based eKYC system that streamlines digital identity verification through facial recognition and document analysis. It also provides an eKYB platform for enterprise and business verification, which helps improve compliance and onboarding efficiency. Additionally, a new automated Tally integration uses AI to optimize accounting workflows, making a key business process much more efficient.

Beyond its products, the company offers a range of services. It provides strategic AI consulting, including feasibility studies and ROI analysis, and offers custom AI development in areas like machine learning, natural language processing, and large language models (LLMs). The team also specializes in conversational AI tuning, helping to optimize chatbots and fine-tune LLMs for better user engagement.

With an API-first approach and deep domain expertise, this company supports its clients through every phase, from initial consultation to final deployment. It is well-positioned to deliver practical, impactful AI solutions across a wide range of industries, including healthcare, telecom, HR, and e-commerce.

Clientele type

The company primarily serves the Banking, Financial Services, and Insurance sectors across key markets including Africa, GCC countries, the United Kingdom, and India. Currently positioned at the pre-revenue stage, it is focused on building strategic partnerships and deploying its solutions in these regions.

Premises

The premise is on lease.

Asking Price Includes

The terms of the transaction will be discussed with potential investors.

Asking Price

INR 1.00 Cr

Minimum ticket size

INR 50.00 L

Reason

The company is a bootstrapped startup that has gained early traction through support from major third-party platforms. It is now aiming to scale and expand its operations further.

Licenses

Approved by STPI (Software Technology Park of India)

More Details

With over 23 years of industry experience, the founder successfully exited a previous venture in 2023. The current startup has already gained notable recognition and support, including:

1. Investment from AWS (Amazon) to develop a range of AI-driven use cases
2. Incubation by STPI’s FinTech Center of Excellence (FinCoE)
3. Selection for NVIDIA’s Inception Program, designed to support cutting-edge AI startups