Impactsure Technologies raises $1m as seed capital to fund its growth
By Leandra Monteiro
Impactsure Technologies, an Artificial Intelligence (AI) and Machine Learning (ML) powered digitisation and analytics company that simplifies complex operations in corporate banking and trade finance has raised USD one million as seed capital during its maiden fund-raising.
The participants in this round are individuals who have invested in their personal capacity. The company did not disclose the valuation and stake dilution from this round.
Commenting on the funding, Dharmarajan Sankara Subrahmanian, Founder Director & CEO, Impactsure said, “The amount raised in this round will be utilised for key talent acquisition and resources retention, customer acquisition, geographical expansion, branding, marketing & business development; and towards IP, digital product assets & technology tools, infrastructure. We foresee double-digit growth opportunities in the BFSI space for our flagship automation product, SureMatch. This incremental capital will enable us to fully leverage the emerging opportunities.”
Impactsure offers trade finance solutions that enable banks, financial institutions, and corporations with advanced intelligent data analytics and document processing, using artificial intelligence (AI) and machine learning (ML), for critical processing and compliance-related requirements that improve business outcomes and customer experience, increase operational efficiency and reduce compliance risks.
To support its growth, Impactsure recently expanded its senior management team by onboarding BFSI technology leader, Ramasubramanian S (Sriram) as President, Banking Operations and human resources specialist, Vinu Pillai as head HR.