Agile Financial Technologies, a Mumbai, India-based Indian Banking, Financial Services and Insurance (BFSI) software products company, recently completed a US$5.7m Series A financing.
The round was led by IDG Ventures India.
The company intends to use the funding to grow organically and through acquisitions and expand into new markets.
Agile Financial Technologies is currently enhancing its range of software products especially in the space of Investment Management, Lending Management, Microfinance and Insurance. Led by founder & CEO Kalpesh Desai, Agile Financial Technologies serves nearly 5,000 BFSI institutions across Central & Eastern Europe, India, Asia-Pacific, M.E. & Africa.
In conjunction with the funding, T.C. Meenakshisundaram and Hemir Doshi of IDGVI will join the company’s board.