HomeFintechActyv Ai raises $12 Mn from 1Digi Ventures & Others

Actyv Ai raises $12 Mn from 1Digi Ventures & Others

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Singapore-based Actyv Ai, a category creator in enterprise SaaS with embedded B2B BNPL and insurance, has raised $12 million in pre-Series A funding led by 1Digi Ventures – Singapore, and from Raghunath Subramanian’s family office.

This includes an earlier tranche of $5 million from 1Digi Ventures in 2022. This will fuel global expansion, product enhancement, portfolio growth, and talent acquisition.

Actyv.ai experienced significant growth in FY 23. In December 2022 alone the total BNPL throughput crossed $100 million. The company delivers significant value for large enterprises across business verticals and their allied partner ecosystem through its technology platform.

The company has partnered with more than 20 leading financial institutions to enable embedded BNPL. Over 25,000 distributors and a million retailers have been onboarded on the platform.

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Commenting on the development, Raghu Subramanian said, “We now have a proven track record of achieving milestones in product development, business growth, and attracting talent. Our AI-powered SaaS platform with its embedded offerings drives substantial operational efficiencies and growth to the entire supply chain ecosystem. This additional infusion of funds validates our being category creators in this space and the conviction to augment our platform’s capabilities.”

“PwC has been a true partner in progress, guiding and supporting us at every step of the latest fundraiser. Their work in setting up our headquarters in Singapore and building internal governance structures for the company has been brilliant. As we enter the hyper-growth phase and increase our global footprint, we look forward to further strengthening this association,” he added.

Talking about the partnership with Shardul Amarchand Mangaldas & Co., Raghu said, “Their legal expertise and counsel have helped establish a strong legal framework and advised about fundraising and corporate matters for actyv.ai. We shall continue to benefit from their legal guidance and advice.”

“HSBC has extended their immense support in seamlessly establishing the banking infrastructure across geographies. We look forward to a long-lasting and mutually beneficial association with them,” he added.

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Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

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