IBSFINtech is a globally recognized TreasuryTech company that develops treasury technology solutions. The company operates with a global vision and emphasizes technological advancement. In the midst of a challenging funding winter, it secured $1.5 million in a Pre-series A financing. The round was led by a distinguished group of high-net-worth individuals from the USA and India. MD & CEO CM Grover said the funds will be used to accelerate global expansion and drive technological strides. The raise was presented as a show of investor confidence in the company’s strategy. IBSFINtech provides corporate treasury and trade finance software with customization and localisation to operate across geographies, currencies, and markets. The company emphasizes rapid implementation, with average deployments of about 2–4 months versus more than a year for large vendors. It says it manages multi‑billion treasury market transactions in India for clients including The Times Group, Future Group, Snapdeal, Maruti Suzuki, Mahindra & Mahindra, and Sonalika International. The startup was founded by Vijaya Bank veterans Chandra Mohan Grover and TM Manjunath and recently took seed funding. It plans to use funds to scale operations globally and for product research and development, and is in initial talks to raise an additional $2–4 million. IBSFINtech cites a McKinsey estimate that the corporate treasury and B2B payments market potential is $135 trillion globally and highlights broad reliance on Excel for treasury management among large Indian firms.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2024