Fintech startup Data Sutram has secured $9 million in funding to advance its artificial intelligence-driven platform and expand into new industries, according to The Economic Times. The round was co-led by venture capital firms B Capital and Lightspeed.
The company aggregates information from more than 250 sources and analyzes millions of digital footprints to detect patterns linked to identity fraud, collusion and other risks to help banks and lenders prevent mule account creation, enhance loan approval accuracy and reduce non-performing assets.
This latest round follows a $3 million raise in 2023 that was led by Bharat Fund with backing from Singularity Growth Fund, IIFL, YAN, White Venture and others.
