11.8 C
New York
Tuesday, December 1, 2020
Home Trends Tookitaki secured $19.2 mn to expand India operations

Tookitaki secured $19.2 mn to expand India operations

Tookitaki, which is an enterprise technology startup has now secured $11.7 million in the extended funding round of Series A led by the global investors which bring the total size of the Series A investment to be $19.2 million.

The company was founded in 2014 by the Abhishek, Tookitaki is headquartered in Singapore, with its offices in US and India, and helps banks to fight money laundering via its AI-powered solutions.

“We are planning to increase our headcount in India by 3x and also plan to expand our research and engineering team in India under the leadership of our VP research and engineering Subhas Samanta,” said Abhishek Chatterjee, CEO & Founder of Tookitaki.

“We found Tookitaki’s approach to be very unique, its pragmatic way of creating an overlay on top of legacy AML systems helps increase accuracy and significantly lower operating costs for financial institutions. Moreover, its regulator-ready “glass box” solution shows an innovative approach and a deep understanding of the challenges in the modern AML solutions market,” said Michaeli.

The post Tookitaki secured $19.2 mn to expand India operations appeared first on TechStory.

Source: Techstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

On the Auspicious Occasion of Guru Nanak Jayanti, nCORE Games Have Started The Pre-Registrations Of “FAU-G”: Fearless And United Guards!

As PUBG Mobile hopes to make a comeback in India, its alternatives have appeared on the Google Play store. On Monday, on the auspicious...

Google Pay ends support for old apps, adds transfer fee in the United States.

Google pay will end the installment includes its web variant and old versatile application in Android and iOS toward the beginning of January. It...

Ease of doing business in India: Myths and realities

The World Bank delivered its yearly simplicity of working together report a couple of months back. The report named "Working together 2020: Comparing Business...

Google Pay to charge fees on money transfers, but here’s why users in India shouldn’t worry!

Tech giant Google as of late, delivered another update for its installments administration application Google Pay in the United States. It presented paid advancements...

Recent Comments

%d bloggers like this: