[Funding alert] TreasuryTech Company IBSFINtech Raises USD 1.5Mn Pre-series A Round

IBSFINtech India Private Limited (“IBSFINtech”), a globally recognized Treasury, Risk, Trade Finance, and Supply Chain Finance Management company has secured a Pre-series A round of USD 1.5 Mn amidst the challenging funding winter.

Leading the funding round were a select group of extremely successful professional HNIs from the USA and India, including a few well-known current investors.

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The company plans to utilize the funds strategically, to expand its global footprint, furthering its mission of providing state-of-the-art Treasury Management Solution (TMS) to corporations worldwide.

Mr. CM Grover, MD & CEO of IBSFINtech, expressed gratitude for the trust placed by 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.”

The successful funding marks a significant milestone for IBSFINtech, reflecting resilience and investor confidence in the company’s vision and capabilities.

Dr. Praveen, New York-based renowned surgeon and serial investor, believes that IBSFINtech is uniquely positioned to be a global player in this niche segment and stated, “It’s truly exciting to associate with IBSFINtech, the Made-in-India fintech company, and be a part of their exponential journey of becoming a global brand. Being associated with a company with strong roots in India fills me with pride, and I have unwavering faith in the capabilities of this homegrown TreasuryTech company that is making waves worldwide.

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The appointment of Mr. Atul Punj as the CEO for the North Americas and Canada region was the primary factor for the company’s recent news coverage regarding its expansion into the USA.

About IBSFINtech

IBSFINtech’s broad customer base is spread across Mumbai, Hyderabad, Delhi, Gurgaon and Noida in India and international markets such as Singapore, Dubai and Europe. Some of its marquee clients are Vedanta Group, GAIL(I), Patanjali Group, Wipro Enterprises, Maruti Suzuki, JSW Steel Mphasis etc. Global clients include IMR Metallurgical Resources, JSW International and many more.