Digital identity solution startup Syntizen raises Pre-Series A funding from Mastercard and ACPL

#News(Security) [ via IoTGroup ]

Headings…
[Funding alert] Digital identity solution startup Syntizen raises Pre-Serie
[App Fridays] With a hybrid encryption approach, Yoti aims to make digital
[Funding Alert] Veri5Digital raises $2 million in Series A round from Khosl

Trending Now
OYO founder Ritesh Agarwal to buy back stake worth $1.5B in the hospitality
SaaS startup FreshWorks makes its 18th acquisition in nine years with Benga
How these childhood friends from Odisha built a Rs 80 lakh business in just
How this Bengaluru startup is keeping it all Simpl by trying to make paymen
Latest

Auto extracted Text……

Digital identity solutions provider Syntizen Technologies, on Tuesday said that it has raised an undisclosed amount from global payments behemoth Mastercard and biometric solutions provider ACPL, as part of its Pre-Series A funding round.
The latest round of funding will enable Syntizen to strengthen its product offerings, as well as, drive aggressive expansion in India and across the world.
It will also help catalyse adoption of its business solutions.
In a statement, the startup said that this will be done by reinforcement of its core product offerings for digital identity check, talent acquisition, and further enhancement of electronic customer on-boarding platform.
Founded in 2014, Software-as-a-Service (SAAS) startup Syntizen Technologies, was started by three young entrepreneurs, Siddharth Kukatlapalli, Vamsi Kotte, and Dinesh Desu.
It offers digital identity solutions to regulated organisations and state governments in India by leveraging its proprietary Aadhaar-based solution.
Speaking on the fundraise, Vamsi Kotte, Co-founder and CEO, Syntizen, said,
This partnership will help us penetrate much faster in digital identity solutions business as well as the global market.
Our simple and secure digital identity check process helps companies to validate and verify a customer instantly for service delivery.
With this partnership, we envision to add more value to this platform, its solutions, and above all, our clientele’s processes.”
The identity solutions provider’s services are also leveraged by the governments of Telangana and Uttar Pradesh.
They have already executed and deployed some of the exemplary solutions, such as the one in Telangana, and there is a wide scope of business to tap the prevailing market opportunity.
“Mastercard’s investment in Syntizen is part of the organisation’s commitment to foster India’s startup ecosystem and the fintech revolution, through both partnerships and capital infusion

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019