Actyv.ai, a Singapore-based category creator in the enterprise SaaS has raised a sum of $12 million during a Pre-Series A funding round.
The round was led by 1Digi Ventures, Singapore, and includes an earlier tranche of $5 million from 1Digi Ventures in 2022, which will fuel global expansion, product enhancement, talent acquisition, and portfolio growth.
Actyv.ai grew considerably in FY 2022. In December 2022 alone, the total BNPL throughput was $100 million. The company provides significant value for large enterprises throughout business verticals and their allied partner ecosystem via its technology platform.
The company has partnered with over 20 leading financial institutions enabling embedded BNPL. More than 25,000 distributors and one lakh retailers have been onboarded on the platform.
Commenting on this, Raghu Subramanian said their AI-powered SaaS platform, with its embedded offerings, is driving substantial operational efficiencies and growth for the entire supply chain ecosystem. “This additional funds infusion validates our being category creators in this particular space and the conviction to augment the capabilities of our platform.”