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Home Gadgets Fintech startup FinMind gets angel funding amid plans to go global

Fintech startup FinMind gets angel funding amid plans to go global


Mumbai: Fintech startup FinMind has raised an undisclosed quantity in angel funding from well-known traders Alok Gupta and Amit Maheshwari.

Gupta is the chief govt officer of one of many largest diversified enterprise conglomerates within the Center East. Maheshwari heads AKM World, a number one tax agency in India. FinMind is maybe one of many few fintech startups that supply automated credit score evaluation of company entities by way of its proprietary algorithm and SaaS platform.

Based by Bhumika Vagrecha and Anjusha Gupta, FinMind makes use of algorithms to course of, analyse and interpret an organization’s monetary statements and generate key insights. It assesses credit score danger occasions and generates credit score rankings with default chance, with none human intervention and primarily based on information analytics and synthetic intelligence.

The corporate, which presently gives providers to a number of well-known manufacturers and monetary establishments, is now seeking to go international.

“FinMind’s pure language technology expertise converts advanced monetary information into actionable insights in a easy and concise credit score report and its cutting-edge predictive analytics capabilities allow early identification of a possible credit score danger occasion and generate credit standing with default chance,” Maheshwari mentioned.

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