Money & Banking

Fintech start-up Jocata to raise $5 m

| Updated on: Jan 11, 2018

Jocata Financial Advisory and Technology, a fintech start-up, is planning to raise $5 million soon to set up new offices in New York and Mumbai.

The firm, which is engaged in customer analytics, customer due diligence and transaction monitoring, will also use the funds proposed to be raised to build an artificial intelligence technology platform, according to its CEO and Co-founder, Prashant Muddu. On Wednesday, Jocata opened its office here with a workforce of 100 professionals and has plans to hire 50 more, going forward.

“Currently, we have 40 clients and we will be adding 20 more soon,” Muddu said, adding that so far $1 million have been invested in the company.

Jocata’s clients include ICICI Bank, Axis Bank, Crisil, PNB Paribas and Barclays, according to a press release.

Published on July 20, 2017
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