Impactsure Technologies (Impactsure), 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.
The seed capital raised it its maiden fund-raise to fund its growth activities. It didn’t disclose the investors, valuation and stake dilution for this round.
Impactsure said it offers trade finance solutions that enables banks, financial institutions, and corporations with advanced intelligent data analytics and document processing using AI and ML for critical processing and compliance-related requirements, which improve business outcomes.
It added, the addressable trade finance solutions market is estimated at $3 billion, and the value of global trade is expected to be $24 trillion by 2026.
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.”
It has also onboarded and expanded its senior management team by Ramasubramanian S (Sriram) as President, Banking Operations and human resources specialist, Vinu Pillai as head HR.
