About ibind Systems
ibind Systems is a Financial Services company based in Bengaluru (India) founded in 2023 by Santu Maity and Sanat Bhat. Digital onboarding and KYC solutions are provided for banking. It operates in the Financial Services and Technology sectors. ibind Systems has raised $1.8 million across 1 funding round from investors including Wavemaker Partners. The company has 22 employees. ibind Systems offers products and services including Digital Onboarding, Wallet-based KYC, and Relationship Manager Dashboard. Its focus areas include FinTech, Banking Tech, RegTech and Onboarding KYC and AML. Its legal entity in India is Ibind Systems Private Limited (U62091KA2023PTC179031). Its competitors include Perfios and IDfy; 2 of its 2 listed competitors have raised funding.
Company details
Provider of digital onboarding and KYC solutions for banking. This company develops and delivers a streamlined digital platform for corporate and retail banking clients. The platform facilitates faster onboarding processes, enhances customer experience through a digital KYC process and wallet-based solutions, and improves data security with secure data collection and storage. It offers efficient customer due diligence (CDD) for banks, enabling swift verification and reducing fraud risk. For individuals, it simplifies access to financial products by streamlining verification and authentication. The solution aims to mitigate risks associated with legacy systems and manual processes, improving efficiency and compliance.
- Headquarters Bengaluru, India
- Employees 22
- Founders Santu Maity, Sanat Bhat
- SectorsFinancial ServicesTechnology
- Website ibindsystems.io
- Social LinkedIn X
- Legal Name Ibind Systems Private Limited
- Date of Incorporation 25 Sep, 2023
- Jurisdiction Bangalore, Karnataka, India
- Total Equity Funding$1.8M (USD)
in 1 rounds
- Latest Funding Round$1.8M (USD), Seed
Jul 2024
- Investors
- Employee Count22
Associated legal entities of ibind Systems
ibind Systems operates through Ibind Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ibind Systems Private Limited CIN U62091KA2023PTC179031 | Active | 25 Sep 2023 | Bangalore, Karnataka | 23 | 2 | View details |
Products & Services of ibind Systems
ibind Systems offers a comprehensive portfolio of products and services, including Digital Onboarding, Wallet-based KYC, and Relationship Manager Dashboard.
Platform for swift digital KYC and onboarding processes
Secure system for reusable KYC data across financial products
Dashboard for tracking customer interactions and sales cycles
Funding Insights of ibind Systems
ibind Systems has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.8 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.8M
- Total Rounds 1
- Last Round Seed — $1.8M
- First Round $1.8M
(Jul 2024)
- Investors Count 1
All 1 funding rounds of ibind Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $1.8M | Seed | – | Wavemaker Partners | – |
1 investors in total: 1 institutional.
Investors in ibind Systems
ibind Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Wavemaker Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States |
Investor details for ibind Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Ibind Systems Private Limited (ibind Systems)
Ibind Systems Private Limited is the primary company behind ibind Systems. The board of Ibind Systems Private Limited currently have 2 directors; the longest-serving is Santu Maity, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Santu Maity DIN 10333081 | Director | 25 Sep 2023 | 3 yrs | Ibind Systems Private Limited |
| Sanat Ravindra Bhat DIN 08059016 | Director | 25 Sep 2023 | 3 yrs | Ibind Systems Private Limited |
People of ibind Systems
2 people are tracked at ibind Systems (2 in leadership); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for ibind Systems
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Verified entity values are shown only after access is granted.
Timeline of ibind Systems
2 dated milestones of ibind Systems across 1 years, from founding to its latest funding, stage changes and deals.
- Founded ibind Systems is founded.
- Funding First funding round of $1.8M.
Competitors of ibind Systems
ibind Systems has 2 listed competitors in our database, 2 of them funded. They include Perfios and IDfy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| idfy.com | 2011 | Mumbai, India | $56.03M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. |
Detailed competitors of ibind Systems
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Frequently Asked Questions about ibind Systems
ibind Systems was founded in 2023 and raised its 1st funding round 1 year after it was founded.
ibind Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ibind Systems is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Seed of $1.8M, raised on Jul 2024.
ibind Systems has 22 employees.
Provider of digital onboarding and KYC solutions for banking. This company develops and delivers a streamlined digital platform for corporate and retail banking clients. The platform facilitates faster onboarding processes, enhances customer experience through a digital KYC process and wallet-based solutions, and improves data security with secure data collection and storage. It offers efficient customer due diligence (CDD) for banks, enabling swift verification and reducing fraud risk. For individuals, it simplifies access to financial products by streamlining verification and authentication. The solution aims to mitigate risks associated with legacy systems and manual processes, improving efficiency and compliance.
ibind Systems offers Digital Onboarding, Wallet-based KYC, and Relationship Manager Dashboard.
ibind Systems has 1 investor. Key investors include Wavemaker Partners.
ibind Systems operates through Ibind Systems Private Limited.
The legal entities of ibind Systems currently have 2 directors, including Santu Maity, Sanat Ravindra Bhat.