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§ Private Profile · Mumbai, Maharashtra, India
SaaS platform providing AI fraud detection, forensic analysis, and real estate collateral management for Indian financial institutions.
AdvaRisk is a Mumbai, India-based financial technology company that develops artificial intelligence-driven fraud detection, forensic analysis, and real estate collateral management software for financial institutions. The enterprise software-as-a-service platform assists banks and non-banking financial companies in identifying corporate fraud, investigating non-performing assets, and optimizing loan recovery processes through proprietary data repositories. Operating platforms such as AdvaSmart, AdvaNPA, and CorpData, the firm has investigated banking exposures exceeding Rs 1,50,000 crores in value and currently serves a client base of more than 50 financial institutions. Additionally, the organization is empaneled by the Indian Banks Association for large credit monitoring and has raised $700,000 in seed funding from lead investors Sprout Venture Partners and SEA Fund, alongside angel backers Varadarajan Srinivasan and Sharad Bhatia. The enterprise software company was founded in 2016 by Vishal Sharma and Rahul Metkar.
AdvaRisk has raised $700K across 1 funding round.
AdvaRisk has raised $700K in total across 1 funding round.
AdvaRisk has raised $700K in total across 1 funding round.
AdvaRisk's investors include Sahil Gupta, Sharad Bhatia, Srinivasan Varadarajan, SEA Fund.
AdvaRisk has raised $700K across 1 funding round. Most recently, it raised $700K Seed in September 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 23, 2019 | $700K Seed | Sahil Gupta | Sharad Bhatia, Srinivasan Varadarajan, SEA Fund | Announced |