India-based digital banking infrastructure enabler Signzy announced that it had raised US$26 million in a funding round led by private equity firm Gaja Capital.

The round was also joined by its existing investors Vertex Ventures and Arkam Ventures.

According to Signzy, it will use the fresh capital to enhance its ‘No-code Workflow Digitalisation’ platform and solutions.

Founded in 2015, the firm’s patented No-code AI platform, GO, is reportedly seeing significantly accelerated adoption, as banks and financial services providers accelerate their digital transformation journeys.

Signzy has filed eight patents so far in the US, and nine in India, for its innovations. The company also received a US patent for banking in the metaverse earlier this year.

The company was also recently granted an authorisation certificate by the International Financial Services Centres Authority (IFSCA) as its fintech partner for unified KYC solution and customer on-boarding digital infrastructure.

Ankit Ratan, CEO of Signzy said,

“The financial services industry is undergoing a massive and multi-year digital transformation and we have only seen the tip of the iceberg so far. Signzy has seen strong adoption of its No-code product by financial services companies as they start on their once-in-a-lifetime digital transformation journey.

 

The solution has been developed from the ground up to allow banks and financial services providers to roll out and offer fintech-like user experiences in a matter of days, not months or years.”