Actyv.ai, an enterprise Software-as-a-Service (SaaS) platform, has raised $5 million in a pre-Series A round from Dubai-based 1Digi Investment management firm, the family office of its global Chief Executive Officer (CEO), Raghunath Subramanian.
The Bangalore-based startup was founded in April 2019 by Raghunath Subramanian, Raghu Venkat, and Ramkumar Thirumurthi.
Actyv.ai offers a platform for enterprises with the Buy Now Pay Later(BNPL) feature for B2B (business-to-business) transactions. With this fundraise, Actyv.ai plans to scale and expand globally.
It plans to use the funds to onboard top-tier talent across R&D, Product Management & Engineering, Sales & Marketing/Business Development and Corporate Development across India (Multi-location), Singapore, London, Dubai and Eastern Europe.