Metis Intellisystems Secures Funding to Revolutionize BFSI Decision-Making with AI

Preeti Bali / 7:22 am / June 21, 2024

Metis Intellisystems, a company pioneering artificial intelligence (AI) and machine learning (ML) solutions for the Banking, Financial Services, and Insurance (BFSI) sector, has secured a funding round of Rs 1.3 crore led by Inflection Point Ventures.

Building Pioneering Solutions for Financial Technology

The funds raised will be strategically allocated to develop innovative solutions, optimize practical applications of AI and ML in the BFSI domain, and expand Metis’ reach both domestically and internationally. According to a press release from Metis, the company emphasizes leveraging AI and ML to harness data from various sources, creating a comprehensive customer profile. This holistic understanding empowers Metis to design highly accurate and effective financial technology solutions.

QANAT: A Powerful Decision-Making Platform

Metis’ flagship offering, QANAT, is a sophisticated decision-making platform adept at analyzing bank statements and GST data. Notably, within just two months of launching QANAT, Metis has successfully established partnerships with financial institutions across India and international markets. This rapid market adoption highlights the significant value proposition Metis brings to the BFSI industry.

Thriving Digital Lending Market Presents Opportunities

The digital lending sector, Metis’ primary area of operation, is poised for exceptional growth. Current projections estimate the market value to surge from $270 billion to a staggering $1.3 trillion by 2030. This significant growth presents a wealth of opportunities for Metis to expand its footprint and empower financial institutions with advanced AI-powered solutions.

Inflection Point Ventures: A Strong Investment Partner

The investment round was led by Inflection Point Ventures, a prominent angel investor platform with a proven track record. To date, Inflection Point Ventures has committed over Rs 700 crore across more than 200 startups, demonstrating their commitment to fostering innovation and supporting young ventures. Notably, in 2023 alone, their portfolio saw 14 successful exits, delivering an impressive initial rate of return (IRR) of 61% to their investors. This successful track record signifies Inflection Point Ventures’ ability to identify and support high-potential companies like Metis Intellisystems.

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