Metis Bags Rs 1.3 Cr In Latest Funding Round Led By IPV

Metis Intellisystems, a company specialising in AI and ML-driven decision-making for the BFSI sector, has secured  Rs1.3 crore in a funding round led by Inflection Point Ventures. 

The funds will be used to enhance their innovative solutions, optimise strategic deployment, and expand their market presence both locally and globally.

Metis, under the leadership of CEO Khushru F. Doctor and CPO Amit Saraswat, leverages advanced data science techniques to improve credit decision-making processes. Khushru, with over 30 years of experience and extensive qualifications in MCA, former CISA, CSM, PMP, and a Diploma in Innovation and Design Thinking, leads the company. Amit, who holds a PhD in “Advanced Statistical Methods” and a degree from IIT Roorkee, has over 20 years of experience and was the first Data Scientist at LendingKart. Their efforts are bolstered by Mahima Dwivedi, an expert in International Business Development.

Vikram Ramasubramanian, Partner at Inflection Point Ventures, emphasised the importance of robust credit decision-making in fostering economic growth. He noted that Metis addresses the evolving credit landscape with agile data analytics and early warning systems, setting them apart from existing applications.

Metis' expertise in AI and ML has enabled them to develop a unique capability for cross-referencing data from multiple sources, creating a comprehensive understanding of customers and enhancing the precision of fintech solutions. CEO Khushru F. Doctor stated that Metis aims to revolutionise the fintech industry by replacing outdated technologies with intelligent decision-making systems.