Crediwatch, a Bangalore-based fintech company building AI/ML tools to help the financial services industry reduce credit risk, has secured US$3.2 million in Series A funding.
The funding round was led by ARTIS Labs. Abstract Ventures also participated in this round. The funding will accelerate R&D and commercialization of Crediwatch’s platform.
Prior to this round, Crediwatch has raised US$1.6 million.
Crediwatch is a ‘data insights-as-a-service’ company that provides lenders, businesses with actionable credit intelligence on private entities they need to improve trust and increase their lending and trading activity.
Crediwatch does this with no human intervention by deploying the latest practical AI and technology tools that provide the most reliable comprehensive real-time inputs.