One of the leading authentication solutions providers AuthBridge has raised an undisclosed amount in Series A funding. The round was led by Infinity Alternatives, a boutique asset manager which currently manages/advises more than US USD 100mn in assets for multiple family offices.
The funding comes at the time of the launch of AuthBridge’s new-age financial intelligence brand, Fintelle, covering KYC, Risk Intelligence and other digital journeys for the BFSI sector. AuthBridge provides digital solutions for customer onboarding, management and verification and has been awarded for their service by NASSCOM.
Commenting on the funding, Ajay Trehan, Founder & CEO, AuthBridge said, “While AuthBridge has always grown consistently over the years, we have seen accelerated business growth in the last 18 months. The pandemic has digitized data like never before and we have launched new products & solutions and acquired clients across existing and new industries. Infinity Alternatives coming on board at this stage not only gives us the required capital to further accelerate this growth but also the expertise and knowledge to maximize this growth.”
He further added that AuthBridge will leverage the funding to further strengthen the technology, hire top talent and launch new growth initiatives as the company will continue to add value to the clients.