Drona Pay, a Mumbai-based SaaS tool, raised $500,000 in a seed round from Varanium Capital, Credit Saison, and from fintech veterans including Kunal Shah, Jitendra Gupta, Amrish Rau, and a few others.
The seed round will expand the technical and product team as the platform is witnessing traction from fin-techs and banks of India along with boosting up its go-to-market strategies.
Company: Drona Pay
Raised: $500.0K
Round: Seed Round
Funding Month: November 2021
Lead Investors:
Additional Investors: Varanium Capital, Credit Saison, and Kunal Shah, Jitendra Gupta, Amrish Rau
Company Website: https://www.dronapay.com/
Software Category: SaaS tool
About the Company: Founded in 2021 by Satish Kashyap, Pallavi Narvekar, and Sukhdev Sinh Zala, Drona Pay delivers real-time protection using ml & proprietary data sets, to defend institutions against ever-increasing frauds in payments and lending. The platform protects BNPL, UPI, credit card & debit card transactions from frauds, scams, collusion, and delinquency. The company promises to reduce delinquency in BNPL transactions in 30 milliseconds along with a reduction of bust off and merchant fraud.
Source: https://entrackr.com/2021/11/drona-pay-raises-500k-in-seed-funding/