iCreate provides Business Intelligence solutions to help banks make better business decisions, minimize risk and comply with regulatory requirements. Its Banking Intellisense product gathers raw data from banking systems and transforms it into preconfigured reports, dashboards and scorecards. The company says it will use the new capital to increase its offerings and expand geographically. iCreate is based in Bangalore, India, was founded in 2006 and is led by CEO Vivek Subramanyam. The firm counts clients such as Gulf Investment Corporation, Bank of America, Societe Arabe Internationale De Banque (SAIB), Bank Mandiri, EastWest Bank and Ghana International Bank. The article reports the company has completed a Series B round of funding. iCreate develops products and provides solutions and services enabling effective and profitable utilization of data in core banking systems. The company has pioneered the “Banking Intellisense” philosophy, a new approach to business intelligence and improvement in banking systems. Founded in 2006 and based in Bangalore, India, iCreate focuses on banking products and solutions. It completed a Rs.15 crores Series A round of financing in 2010. The funding will be used to fuel growth, including building a global sales platform, increasing marketing efforts, and continuing investment in product development. As part of the financing, two IDG Ventures India partners will join the company’s board.

Total raised

$12M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2012