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Signzy - About the company

Signzy is a series B company based in Delhi (India), founded in 2015 by , Ankit Ratan and . It operates as a Digital banking solutions to financial institutions provider. Signzy has raised $40M in funding from investors like Kalaari Capital, SAP and Mastercard, with a current valuation of ₹998°ä°ù. The company has 1092 active competitors, including 225 funded and 141 that have exited. Its top competitors include companies like Okta, Ping Identity and Auth0.

Company Details

Digital banking solutions to financial institutions provider. It is digital banking infrastructure provider that is redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses using the digital medium. Its AI driven solutions facilitate KYC processes, helping financial institutions to mitigate fraud risks. The platform streamlines the onboarding process for new customers, ensuring compliance with regulatory standards.
Website
Social
Email ID
@signzy.com
Phone Number
+1
Key Metrics
Founded Year
2015
Location
Delhi, India
Stage
Series B
Total Funding
in 7 rounds
Latest Funding Round
Post Money Valuation
as on Apr 12, 2023
Investors
Ranked
Annual Revenue
as on Mar 31, 2023
Employee Count
as on Mar 31, 2025
Similar Companies
Okta &

Legal entities associated with Signzy

Signzy is associated with 1 legal entity given below:
Legal Entity Name
Date of incorporation
Revenue
Net Profit
Employee Count
Nov 02, 2015
$8.04M (as on Mar 31, 2023)
290
860
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Signzy's funding and investors

Signzy has raised a total funding of $40M over 7 rounds. Its first funding round was on Feb 26, 2016. Its latest funding round was a Series B round on Sep 24, 2022 for $26M. 4 investors participated in its latest round, which includes North Facing RealTech, 8i Ventures, Contrarian Drishti Partners and Gaja Capital.

Signzy has 26 institutional investors including Kalaari Capital, SAP and Mastercard. Gaja Capital is the largest institutional investor in Signzy. There are 9 Angel Investors in Signzy.

Here is the list of recent funding rounds of Signzy:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Sep 24, 2022
$26M
Series B
3925562
2716069
Dec 01, 2020
$4.38M
Series A
1384887
8189747
Oct 04, 2020
$5.4M
Series A
2970007
7141165
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Signzy's founders and board of directors

The founders of Signzy are , Ankit Ratan and . Ankit Ratan is the CEO of Signzy. Ankit Ratan has founded 1 more company - . has founded 1 more company - Quesky.
Signzy's board has 5 active members. Ankit Ratan, , Imran Jafar and are part of team and Bala Srinivasa is independent board member.

Signzy's employee count trend

Signzy has 305 employees as of Mar 25. The total employee count is 13.4% lower than what it was in Mar 24. Here is Signzy's employee count trend over the years:
Employee count trend for Signzy
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Signzy's Competitors and alternates

Top competitors of Signzy include Okta, Ping Identity and Auth0. Here is the list of Top 10 competitors of Signzy, ranked by ÃØÃÜÑо¿Ëù score :
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Okta
Okta
2009, San Francisco (United States), Public
Cloud-based multi-factor authentication solutions for businesses
$228M
a16z, SV AngelÌý&²¹³¾±è;Ìý
88/100
2nd
Logo for Ping Identity
Ping Identity
2002, Denver (United States), Acquired
Cloud based identity management solution for enterprises
$137M
87/100
3rd
Logo for Auth0
Auth0
2013, Bellevue (United States), Acquired
Platform offering identity and access management solution
$333M
Salesforce Ventures, Sapphire VenturesÌý&²¹³¾±è;Ìý
85/100
4th
Logo for Perfios
Perfios
2008, Bengaluru (India), Series D
Real-time credit-decisioning platform and data aggregation APIs
$263M
, KedaaraÌý&²¹³¾±è;Ìý
79/100
5th
Logo for Signicat
Signicat
2006, Trondheim (Norway), Acquired
Provider of software solutions for identitiy management
$2.09M
Stonehaven Ventures, Nordic InnovatorsÌý&²¹³¾±è;Ìý
77/100
6th
Logo for ForgeRock
ForgeRock
2010, San Francisco (United States), Acquired
Cloud based customer identity verification solution provider
$234M
77/100
7th
Logo for Onfido
Onfido
2012, London (United Kingdom), Acquired
AI-powered digital identity verification solution
$242M
Idinvest Partners, 10e9 HoldingsÌý&²¹³¾±è;Ìý
75/100
8th
Logo for IDfy
IDfy
2011, Mumbai (India), Series E
Integrated identity platform offering KYC, KYB, and fraud prevention solutions
$56M
KB Investment, BeenextÌý&²¹³¾±è;Ìý
75/100
9th
Logo for HID Global
HID Global
1991, Austin (United States), Acquired
Developer of cloud-based integrated physical identity and access management systems
-
75/100
10th
Logo for Alloy
Alloy
2015, New York City (United States), Series C
Identity decisioning platform for banks and fintech firms
$208M
Eniac Ventures, API-First IndexÌý&²¹³¾±è;Ìý
75/100
23rd
Logo for Signzy
Signzy
2015, Delhi (India), Series B
Digital banking solutions to financial institutions provider
$40M
North Facing RealTech, 8i VenturesÌý&²¹³¾±è;Ìý
66/100
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Signzy's Latest cap tables and shareholding

Founders own 31.89%, Funds (largest shareholder) own 60.24%, Enterprises own 2.07% and Angels own 1.03%. The net worth of Signzy's founders is INR 318Cr as of Apr 12, 2023.
Shareholders Name
Post Round Holding %
Net worth
Cumulative investment
Realised returns
Unrealised returns
Return multiple
Founder
31.89%
318Cr
7040111
9510936
5803434
3446168
1704553
7543840
9263518
2619603
8642301
7489876
6331956
1299950
8544990
4714016
5970433
8142542
5285441
3135521
3919563
9251529
7930928
8015866
Fund
60.24%
601Cr
4251234
1071320
8586726
4527402
951581
613460
605516
933596
460676
885262
4517757
4972485
4314259
7391537
5031768
3242399
4928606
8497178
9492604
5926209
6430671
6585964
9304302
1486766
1507609
7026615
6606628
8794859
Enterprise
2.07%
20.8Cr
42
90
38
61
Angel
1.03%
10.3Cr
1
5
3
8
0
0
0
0
0
0
Other People
0.46%
4.58Cr
0
0
0
0
ESOP Pool
4.31%
43Cr
8302
2236
1773
3407
Total
100.00%
998Cr
7950932
4693537
3168584
8226506
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Signzy's Shareholding

Signzy's Investments and acquisitions

Signzy has made no investments or acquisitions yet.

Reports related to Signzy

Here is the latest report on Signzy's sector:
View

News related to Signzy

Media has covered Signzy for a total of 6 events in the last 1 year, 3 of them have been about company updates and 3 about partnerships.
•
Global FinTech Series•Oct 03, 2024•Signzy, ASAPP
•
EIN Presswire•Oct 02, 2024•Signzy, ASAPP
•
pune.news•Jul 29, 2024•Signzy, FinAGG, Fi
•
Inc42•Jul 26, 2024•, Fi, FinAGG, Signzy
•
IBS Intelligence•Jul 11, 2024•Signzy
•
PR Newswire•May 01, 2024•Veratad, Signzy
•
NewsDrum•Feb 21, 2024•Signzy, Difenz,
•
Fintech Finance•Feb 14, 2024•Signzy
•
Finextra•Feb 14, 2024•Signzy
•
BiometricUpdate.com•Dec 21, 2023•Accura Scan, Signzy
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Frequently asked questions about Signzy

When was Signzy founded?
Signzy was founded in 2015.
Where is Signzy located?
Signzy is located in Delhi, India.
Is Signzy a funded company?
Signzy is a funded company, its first funding round was on Feb 26, 2016.
When was the latest funding round of Signzy?
Signzy's latest funding round was on Sep 24, 2022.
How much is Signzy worth?
The latest valuation of Signzy is ₹998°ä°ù as on Apr 12, 2023.
What is the annual revenue of Signzy?
Annual revenue of Signzy is ₹64.6°ä°ù as on Mar 31, 2023.
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