Singapore-based Intain Fintech, an Artificial Intelligence and blockchain-based software products firm, is in talks to raise another $2 million in funding, in exchange for a nominal stake. The firm is in talks with existing investors Blockseed Ventures and Hamon Private Equity, a part of Hamon Investment Group, for the funding.
Intain Fintech, which has a presence in India through an operating subsidiary Intain Technology, had raised a similar amount of seed funding in 2018.
“We are covered for whole of 2019, but in the next quarter (April-June) we will raise funding for further expansion and covering ourselves for 2020. We will raise a similar amount much in line with the seed-funding, with a very small dilution,” Intain Founder and CEO Siddhartha S told BusinessLine .
The company will also talk to some of the global blockchain-focussed investors for the fund-raising, which will be used to double the size of its AI automation laboratory and to set up a technology team in the US.
Intain Fintech has three subsidiaries — Emulya Fintech in Singapore, Intain Technologies in India, and Intain in the US.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.