Regulatory technology startup Data Sutram has raised $9 million in Series A funding, with global venture capital firms B Capital and Lightspeed co-leading the round.
The company plans to use the capital to enhance its AI-driven fraud detection and compliance platform, targeting expansion into new sectors and global markets.
According to a statement, the funds will support the company’s efforts to extend its fraud prevention solutions beyond the banking industry into areas like insurance, gaming, and cryptocurrency, while also growing its team and scaling international operations.
Founded in 2019 and based in Mumbai, Data Sutram leverages alternative data and artificial intelligence to help financial institutions identify fraud, stay compliant with regulations, and reduce non-performing assets.
Data Sutram’s platform analyzes over 110 million individual identities, delivering real-time risk insights through its proprietary “Trust Score.” This score evaluates behavioral patterns across digital footprints to flag potential threats like synthetic identities, collusion, and identity theft.
When a user enters basic details—such as a name, phone number, or email—the system scans millions of digital and social data points from sources including government records, telecom providers, ecommerce platforms, logistics, and payment networks to instantly generate a fraud risk profile.
“Our USP is external intelligence,” said Rajit Bhattacharya, co-founder and CEO. “Most of our partners had never sold data before.”
Data Sutram aims to provide deep insights into a customer’s behavior beyond traditional banking environments—right from the first interaction. Whether it’s opening a new account, applying for a loan, or purchasing insurance, the platform helps institutions determine the trustworthiness of each transaction from the outset.
With its recent $9 million Series A funding, Data Sutram aims to strengthen its position in the regulatory technology space, expanding its AI-driven fraud detection and compliance solutions across diverse sectors and global markets.
By offering deep behavioral insights and real-time risk assessments, the company is redefining how financial institutions identify fraud and ensure trust—right from the very first customer interaction.
