IBSFINtech secures $1.5m in pre-series A funding, aims for global expansion

IBSFINtech secures $1.5m in pre-series A funding, aims for global expansion

IBSFINtech India Private Limited, a leading player in the TreasuryTech sector, has successfully closed a pre-series A funding round of $1.5m.

This strategic financial injection was led by a group of distinguished high-net-worth individuals (HNIs) from the USA and India, alongside marquee existing investors, underlining the robust trust and belief in IBSFINtech’s vision and potential for global expansion.

At its core, IBSFINtech specialises in providing an advanced Treasury Management Solution (TMS) that caters to a wide range of corporate functions including treasury, cash and liquidity, risk, trade finance, and supply chain finance management. Their technology-backed platform is designed to ensure the digitisation of these essential business operations, positioning IBSFINtech as a pivotal player in the global digitisation trend.

The funds from this latest round will be strategically allocated to broaden IBSFINtech’s global footprint, furthering its mission to deliver state-of-the-art TMS to corporations around the world.

IBSFINtech’s commitment to innovation and global market expansion has been further solidified through strategic partnerships with industry heavyweights such as LSEG (London Stock Exchange Group, formerly known as Refinitiv/Thomson Reuters), Oracle, and the Big Four accounting firms. These collaborations are set to propel IBSFINtech towards unparalleled success in the FinTech landscape.

IBSFINtech’s Managing Director and CEO, Mr. CM Grover, expressed his gratitude towards the investors, stating, “We are honored by the trust and confidence that investors have shown in IBSFINtech. This round is the stepping stone towards the main funding phase planned in the early FY 2024 -25.

“We are excited about the growth journey ahead as we strive to establish ourselves as a global leader in this segment. This funding provides the necessary impetus to accelerate our global growth plans and enhance technology to deliver the most comprehensive, decision-making platform for business leaders across industries. Our vision is to make treasury automation solutions available to all sizes of corporations, creating value for everyone in the ecosystem.”

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