iCreate Raises R50CR in Series B Funding

iCreate, a Bangalore, India-based data analytics firm, has raised R50Cr in Series B funding.

The round was led by Sequoia Capital, with participation from existing investor IDG Ventures.

The company intends to use the capital to increase its offerings and expand geographically.

Founded in 2006 and led by Vivek Subramanyam, CEO, iCreate provides Business Intelligence solutions to help banks make better business decisions, minimize risk and comply with regulatory requirements. Its Banking Intellisense gathers raw data from banking systems and transform it into information users can act on (preconfigured reports, dashboards and scorecards for a data-rich view).
Clients include:
– Gulf Investment Corporation, Kuwait,
– Bank of America, USA,
– Societe Arabe Internationale De Banque (SAIB), Egypt,
– Bank Mandiri, Indonesia,
– EastWest Bank, Philippines,
– Ghana International Bank, United Kingdom.



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