IBSFINtech raises $1.5m in Pre-series A round, plans global expansion

By Gloria Mathias

IBSFINtech India (IBSFINtech), a global Treasury, Risk, Trade Finance, and Supply Chain Finance Management company, has secured a pre-series A round of $1.5 million.

The financing round was led by a distinguished group of highly professional HNIs from the USA & India, including some existing investors. The funding marks a significant milestone for IBSFINtech, reflecting resilience and investor confidence in the company’s vision and capabilities.

The company plans to utilise the funds strategically, to expand its global footprint, furthering its mission of providing Treasury Management Solutions (TMS) to corporations worldwide.

The company is poised to play a pivotal role in ensuring the digitization of Treasury, Cash & Liquidity, Risk, Trade Finance, and Supply Chain Finance functions.

CM Grover, MD & CEO of IBSFINtech, stated, “We are honoured by the trust and confidence that investors have shown in IBSFINtech. This round is the stepping stone towards the main funding phase planned for early FY 2024–25. We are excited about the growth journey ahead as we strive to establish ourselves as a global leader in this segment. This funding provides the necessary impetus to accelerate our global growth plans and enhance technology to deliver the most comprehensive decision-making platform for business leaders across industries. Our vision is to make treasury automation solutions available to all sizes of corporations, creating value for everyone in the ecosystem.”

As the company continues its journey towards global prominence, IBSFINtech’s successful funding during challenging market conditions reaffirms the company’s commitment to innovation and resilience.

With a strategic vision and strong leadership, IBSFINtech is set to redefine the landscape of Treasury, Risk, Trade Finance, and Supply Chain Finance Management of corporations globally. This journey is amplified by its strategic partnerships with industry leaders LSEG (London Stock Exchange Group, erstwhile Refinitiv/Thomson Reuters), Oracle, and the Big 4, creating a dynamic ecosystem propelling IBSFINtech towards success in the FinTech landscape.

The company was recently in the news for expanding its presence in the USA, led by the appointment of Atul Punj as the CEO for the North Americas and Canada region.