Mumbai-based RegTech startup Data Sutram has successfully raised $9 million in a Series A funding round co-led by B Capital and Lightspeed, signaling strong investor confidence in its innovative approach to fraud detection and compliance. This capital injection will fuel the company’s ambitious plans to expand its AI-driven platform into new industry verticals and international markets, marking a critical milestone in its growth journey.
At the heart of Data Sutram’s technology is a unique value proposition centered on “external intelligence,” explains Rajit Bhattacharya, Co-founder and CEO. Unlike traditional fraud detection systems that rely mainly on internal transaction data, Data Sutram taps into a vast array of alternative data sources to deliver real-time fraud risk assessments. Its proprietary “Trust Score” is generated by analyzing signals across over 110 million identities, drawing on diverse digital footprints that span government records, ecommerce activity, telecom data, and more.
This comprehensive approach enables the platform to detect sophisticated threats such as synthetic identities, collusion, and identity theft—challenges that are notoriously difficult to catch with conventional methods. The company’s technology is already gaining traction across several sectors including banking, insurance, gaming, and crypto, where safeguarding trust is critical.
With the fresh funding, Data Sutram plans to accelerate its global expansion and enhance its platform’s capabilities. The startup envisions a future where fraud prevention is seamlessly embedded at the entry point of financial transactions, making it smarter, faster, and more accessible to businesses of all sizes. As digital ecosystems grow ever more complex, Data Sutram’s external intelligence-powered platform offers a timely and powerful solution to a pervasive problem.
