Metis Intellisystems, a leading artificial intelligence and machine learning platform catering to the BFSI sector, has raised INR 1.3 crore in a funding round led by Inflection Point Ventures.
The funds will be utilized to develop innovative solutions, optimize strategic use cases, and expand both locally and globally, according to a press release from Metis.
Metis leverages Artificial Intelligence and Machine Learning to capitalize on multiple sources of information, creating comprehensive customer insights that enhance the precision and effectiveness of financial technology solutions. The company’s flagship product, QANAT, is an advanced decision-making platform that accurately analyzes bank statements and GST data.
Within just two months of its product launch, Metis has successfully secured partnerships with financial institutions across domestic and international markets, highlighting its rapid market adoption and growth trajectory.
The digital lending sector, where Metis operates, is poised for substantial growth, projected to expand from $270 billion to $1.3 trillion by 2030.
Inflection Point Ventures, a prominent angel investment platform, has committed over Rs 700 crore across more than 200 startups to date. In 2023 alone, the platform announced 14 successful exits, delivering an impressive initial rate of return (IRR) of 61% to its investors.
The funding round underscores investor confidence in Metis Intellisystems’ innovative approach and its potential to drive significant advancements in the BFSI technology landscape.
