PANews reported on May 25th that according to Indian Startup News, the Indian tech startup Data Sutram has completed a $9 million Series A funding round, led jointly by B Capital and Lightspeed Ventures. This round of funding, consisting of primary and secondary capital, will help the company expand beyond banking into cryptocurrency, gaming, e-commerce, quick commerce, and insurance sectors, while accelerating the development of its AI products and international expansion plans in Southeast Asia and the Middle East. Data Sutram's platform utilizes artificial intelligence and over 250 external data sources to help banks, non-banking financial companies (NBFC), and other financial service providers detect synthetic identities, map collusion networks, and prevent the creation of "mule accounts".
