Digitisation and analytics company Impactsure Technologies has raised USD 1 million as seed capital during its maiden fund-raising. The participants in this round are individuals, who have invested in their personal capacity.
As announced in a press release on Tuesday, the raised funds would be utilised for resource retention, key talent acquisition geographical expansion, IP, digital product assets and technology tools. The valuation and stake dilution from the round is undisclosed.
Commenting on the funding, Dharmarajan Sankara Subrahmanian, founder, director & CEO, Impactsure, said, “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.”
The value of global trade is expected to be $24 trillion by 2026, with addressable trade finance solutions market estimated at $3 billion.
To support its growth, the analytics firm expanded its senior management team by onboarding BFSI technology leader, Ramasubramanian S (Sriram) as president (banking operations) and human resources specialist Vinu Pillai as the head of HR.
Impactsure has entered into several strategic partnerships with players such as Google, Deloitte, Microsoft and Amazon to expand its reach and impact. The company was recently recognised as the Star Performer (new entrant) of the Transaction Banking (Trade Finance) category in the coveted Annual IBSi Annual Sales League Table 2022.
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