Metis Intellisystems, a prominent player in artificial intelligence and machine learning solutions tailored for the BFSI sector, has successfully raised Rs 1.3 crore in a funding round led by Inflection Point Ventures. This funding marks a significant milestone for Metis as it continues to innovate and expand its footprint in the financial technology space.
The infusion of capital will bolster Metis’ efforts to develop cutting-edge solutions, optimize strategic use cases, and explore new avenues for both local and global market expansion, according to a recent press release from the company.
Metis specializes in leveraging AI and ML technologies to harness multiple sources of data, creating comprehensive and unified customer insights that enhance the precision and effectiveness of financial services. One of its flagship products, the advanced decision-making platform QANAT, has already garnered attention and secured partnerships with several domestic and international financial institutions within just two months of its launch.
The digital lending sector, where Metis operates, is poised for substantial growth, with projections indicating a leap from its current $270 billion valuation to $1.3 trillion by 2030. This growth trajectory underscores the strategic importance of AI-driven solutions in meeting the evolving demands of the BFSI industry.
Inflection Point Ventures, a leading angel investment platform, has demonstrated its confidence in Metis by leading this funding round. With investments exceeding Rs 700 crore across more than 200 startups, Inflection Point Ventures has established a strong track record in supporting innovative ventures. In 2023 alone, the platform announced 14 successful exits, showcasing an impressive initial rate of return (IRR) of 61% for its investors.
The funding secured from Inflection Point Ventures will enable Metis to accelerate its growth trajectory, further solidifying its position as a trailblazer in AI-powered solutions for the BFSI sector. As the company continues to innovate and expand its capabilities, stakeholders in the financial technology space can anticipate transformative developments from Metis Intellisystems soon.
