Investing
TSS Trackwizz Secures Investment From WestBridge Capital At INR 900 Crore Valuation The funds raised will be used for research and development particularly artificial intelligence and to scale SaaS offerings including the launch of new products in niche areas of financial crime
Entrepreneur
You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.
Reg-tech company TSS Consultancy has received an investment from WestBridge Capital at a valuation INR 900 crore. This is a maiden round raised by the Company, where the funds raised will be used for research and development particularly artificial intelligence and to scale SaaS offerings including the launch of new products in niche areas of financial crime.
“As India walks towards becoming a five trillion economy, the government has been proactive about uprooting unlawful financial activities from our systems. We believe protecting our financial systems and complying with the law of the land is crucial. Our mission is to help every financial institution and empower financial soldiers to fight financial crime with cutting edge technology and data intelligence with reasonable investments in the area of money laundering, KYC, Terrorist financing and Insider Trading,” said Sagar Tanna, founder and CEO, TSS Consultancy.
TSS Consultancy’s tech platform called TrackWizz, helps financial institutions fight financial crime specifically towards money laundering and surveillance. Apart from the brokers, Trackwizz said it is also used by top banks in India, NBFC’s and fintech companies. Currently with its clients like HDFC securities, Axis Bank, Zerodha, among others, Trackwizz aims to provide cutting edge technology solutions and is dedicated to serving the finance industry focussed on fighting financial crime, making operations efficient and helping business grow while keeping the economy crime free.
“We are excited to partner with Trackwizz as they expand their market leadership by enhancing their suite of robust and innovative products in a fast-growing compliance market, a top-of-mind space for both financial institutions and governments globally,” said Deepak Ramineedi, partner at WestBridge Capital.
Headquartered in Mumbai, TSS Consultancy was founded in 2008 by Sagar, Sameer and Chandrakant Tanna.
Read the full article here
A 5-Minute Guide to Building a Legacy Team
Entrepreneurs Can Learn ChatGPT with This $30 Bundle
Black Friday Has Arrived: This MacBook Air Has Had Its Price Slashed by More Than 70%
Why 2025 Will Be Your Most Amazing Year Yet as an Entrepreneur
EU regulators scrap merger power aimed at killer acquisitions after court veto By Reuters
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
A Macy’s Employee Made Accounting Errors Worth $132 Million
Factbox-How Trump can overhaul US financial regulators when he takes office By Reuters
5 Ways AI Can Accelerate Your Entrepreneurial Journey
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing6 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income6 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles4 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Investing3 days agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters
-
Passive Income3 days ago5 Ways AI Can Accelerate Your Entrepreneurial Journey
-
Side Hustles6 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel
-
Side Hustles2 days agoClosing Your Business? Do It Before the New Year to Save Money
-
Side Hustles6 days agoI’ve Spent 20 Years Studying Focus. Here’s How I Use AI to Multiply My Time and Save 21 Weeks of Work a Year