Equal, a Hyderabad, Telangana, India-based supplier of a knowledge sharing platform, raised US$10M in Sequence A funding, at a post-money valuation of US$80M.
The spherical was led by Prosus Ventures, Tomales Bay Capital and its founder, Keshav Reddyith with participation from Blume Ventures, DST World, Quona VC, Gruhas VC, Binny Bansal, Harsh Jain, Karan Adani, D S Brar, Kunal Shah, Kunal Bahl, Rohit Bansal, Mr. Parth Jindal, Ranu Vohra, Shashin Shah, Galina Chifina, Ravish Naresh, Ravi Kumar and Kavitha Subramanian.
The corporate intends to make use of the funds to scale operations, forge strategic partnerships, and develop an built-in, safe, and clear digital framework geared toward enhancing the data-sharing ecosystem in India.
Based by Keshav Reddy and Rajeev Ranjan, Equal is a supplier of a platform that helps companies streamline KYC, fraud prevention, and regulatory compliance by way of integration with over 50 ID databases and 4,000+ API suppliers.
It not too long ago invested in OneMoney, India’s first and largest Account Aggregator, based by Mr. Krishna Prasad. This strategic funding allows Equal to boost its choices by combining safe, consent-driven monetary knowledge sharing with its core identification verification providers.
OneMoney and Equal collectively allow over 64 Million month-to-month transactions and repair 250+ shoppers nationally, reaching an industry-highest 97% success fee in KYC-processing.
FinSMEs
11/11/2024
