B2B fraud detection and investigation startup AdvaRisk has raised around Rs 5 crore in its first round of institutional funding from Sprout Venture Partners, SEA Fund and angel investors. Sharad Bhatia and Vardarajan Srinivasan also participated in their capacities.
Founded in 2016, AdvaRisk aims to simplify the way lending decisions are made and credit monitored. It is developing an automated fraud detection platform meant for the corporate loan portfolio of financial institutions. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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