Actyv.ai, an AI-powered Enterprise Saas platform that provides Buy Now Pay Later for B2B businesses, has raised USD 5 million in a Pre-Series A. The funding round was led by Dubai-based investment management firm 1Digi and the family office of Raghunath Subramanian, Global CEO, Actyv.ai.
The company plans to use the funds to expand and scale its business globally and will be hiring talent across R&D, Product Management & Engineering, Sales & Marketing/Business Development and Corporate Development roles across India, Singapore, London, Dubai and Eastern Europe.
“We have pioneered the B2B BNPL space in the closed-loop ecosystem comprising Enterprises, SMBs and Financial Institutions. With AI as the first citizen, Actyv.ai platform enables quick and efficient onboarding, comprehensive health assessment & scoring of SMBs. As Category Creators we know there is a tremendous opportunity to bridge the gaps prevalent in the supply chain ecosystem globally,” said Raghunath Subramanian.
Actyv.ai’s solutions are used by large enterprises like Britannia, Nivea, Adani Wilmar to transform their supply chains and to empower their supply chain partners with better software tools and financing.
Actyv.ai digitises document collection, verification and lifecycle management, with a configurable workbench. AI is used in document processing, for fraud checks and to calculate the Actyv Score.
The Actyv Score is an AI-powered credit score based on the financial and transaction data of SMBs. The Actyv Score and related financial health report are used to help the SMB get access to unsecured, low-interest, closed-loop credit – BNPL for B2B.
