Fintech startup Data Sutram has announced it has secured $9 million in a Series A funding round, led by global investment firms B Capital and Lightspeed.
Founded in 2019, Data Sutram uses AI and external intelligence from over 250 sources to help insurance businesses manage fraud, reduce cybersecurity risk, ensure regulatory compliance, drive growth across the customer lifecycle and assist with lending and payments.
According to an official statement, the funding will fuel the next phase of Data Sutram’s expansion, accelerating development of its AI-powered platform to deliver intelligent applications for fraud detection, risk assessment, and collections optimisation across the financial services sector. It will also support the company’s scale-up in key international markets.
“This investment will allow us to enhance our product offering, scale our customer base, and strengthen our global presence to serve more institutions and businesses worldwide,” CEO and co-founder Rajit Bhattacharya said.
Karan Mohla, general partner at B Capital, said, “We are delighted to back Data Sutram…Their platform’s ability to fuse rich external intelligence with real-time analytics is already reducing fraud and streamlining compliance for leading banks and fintechs. We view it as the category-defining regtech leader in India, and we are confident the team is poised to replicate this impact through expansion across the Middle East and Southeast Asia.”
Meanwhile, Lightspeed partner Hemant Mohapatra said, “The Data Sutram platform’s adaptability across sectors and commitment to compliance make it a compelling regtech partner for the future of financial services. We’re proud to support their journey as they expand into global markets.”
According to the statement, Data Sutram addresses the challenge of cyber fraud losses and helps protect businesses through its proprietary Trust Score, which analyses millions of digital footprints to detect patterns like identity theft, synthetic identities, and collusion.
The platform offers a 360-degree view of customers, enabling financial institutions in India to operate with greater confidence and security. Over the past year, it has processed more than 110 million individual identities.
Currently adopted by leading banks, non-bank financial institutions (NBFCs), and fintechs, Data Sutram’s solutions help reduce mule account creation used by scammers, improve approval rates, and lower non-performing assets (NPAs). The platform is designed with robust privacy safeguards to ensure full compliance with evolving data protection regulations.According to the startup, the new funding will also help extend its fraud detection capabilities to other high-risk sectors—including cryptocurrency, real-time payments, gaming, e-commerce, q-commerce, and insurance.
