• FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    13 Feb, 2020
    Global presence:
    France, India, Malaysia, Poland, Singapore, Thailand, United States of America
    Company priority:
    We're on to something big this year!

Description

FOCUS

PRODUCTS & SERVICES:
Signzy’s proprietary tech platform simplifies the KYC process, runs background checks on customers, detects fraud, mitigates risks, provides contract management systems, and most importantly, decreases operational expenditure. It also brings down customer dropouts and increases productivity. Signzy’s online contracting system utilizes biometric signatures and blockchain technology to on-board clients. Its API platform helps in detecting the authenticity of information and cracks down on digital forgery. Signzy has developed an AI solution for distinguishing between various types of ID documents, shared through various channels like scans and photocopies with all their distortions.
MAIN CLIENTS:
NBFCs, Mswipe, PayU, SBI, ICICI Bank.
EXISTING PARTNERSHIPS:
The company is in partnerships with KPMG, PWC, Accenture, IBM, and Reuters.
COMMENT
The company has launched their first set of APIs in May 2016 and since they already have 24 testing clients out of which 6 of them has already moved to commercial production. The company has built a new trust protocol that uses AI to bring human-like fraud detection capabilities and Blockchain to secure document and consent, instead of signature and seals, with a few clicks of the mobile camera. (Nov. 2018)

PEOPLE

MEDICI analysts will analyze Signzy soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$3.96 Millions
DATE OF LAST FUNDING:
Jan 2019
TOTAL FUNDING COMMENT:
The company will use the funds for it's technology and to a build stronger sales efforts across South East Asia and the US. (Nov. 2018)
FUNDING SERIES:
SERIES A
$3.36 Millions Closed: Nov 2018
Others
$600 K Closed: Dec 2018
LISTED:
NO

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