Actyv.ai raises $5 mn investment round for its SME-focused software

Bangalore-based enterprise software startup, Actyv.ai, raises $5 million pre-Series A investment round for its platform and software service.

The company’s services are focused on helping small and medium enterprises within the supply chain sector access the credit and lending services it needs through different financial institutions.

The startup’s services include providing a score for businesses to access lending, onboarding services and health assessments, among others. The information can then be used by certain financial institutions to make decisions about providing credit.

Investors in the round include 1Digi and the family office of Raghunath Subramanian, among others. According to a statement by Actyv.ai, financial institutions the startup partners to provide lending services for SMEs, include Kotak Mahindra Bank and Axis Bank.

The new funding will be put toward overall global growth plans for the company. Actyv.ai was founded by Raghunath Subramanian, Ramkumar Thirumurthi and Raghu Venkat in 2019. The startup’s customer base includes companies such as Britannica, Nivea and Adani Wilmar, among others, Times of India reported.

The company plans to focus its global presence on Singapore, London, Dubai and East Europe.

(Picture courtesy: Actyv.ai)

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