Artoo Closes Series A Funding Round

artooArtoo, a Karnataka, India-based provider of a CRM for financial institutions to manage the entire customer life cycle from loan sourcing, to post-disbursement servicing, closed its Series A funding round.

The amount of the deal was not disclosed.

Backers included Accion Venture Lab and Switzerland-based Rianta Capital Zurich’s Artha Initiative, which joined Villgro Innovations Foundation, a local impact investor, which led the seed round last year.

Led by Sameer Segal, Founder & CEO, Artoo leverages mobile, cloud, and alternative data to provide a customer relationship manager solution featuring lead management, loan origination, and credit underwriting modules for microfinance, micro, small, and medium enterprise lending, as well as mainstream banking institutions to capture volatile cash flows, assess borrower creditworthiness, and make scenario analysis to predict customer behavior in turbulent times.



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