Bengaluru-built no-code KYC, KYB and AML platform — founded in 2015 by IIT-graduate trio Ankit Ratan (CEO), Arpit Ratan (Ankit's twin brother) and Ankur Pandey. $38.7M+ total raised — investors include Kalaari Capital, SAP and Mastercard. 2020 Mastercard strategic alliance took Signzy's video-KYC engine to banks worldwide (Mastercard is a strategic partner + investor, NOT an acquirer — a common misconception). Early 2024 acquisition of Difenz expanded AML / transaction-monitoring capability. Used by all largest Indian banks, 10+ Fortune 30 companies, a Top 3 US acquiring bank, and listed on the Microsoft Azure Marketplace.
Signzy is the Indian KYC vendor most defined by its strategic-partnership distribution leverage — Mastercard, SAP and Microsoft are simultaneously investors and customers, which materially changes the procurement conversation for Indian banks and global fintech buyers. The company was founded in 2015 in Bengaluru by Ankit Ratan (CEO), his twin brother Arpit Ratan, and fellow IIT graduate Ankur Pandey. The origin story is unusual: Ankit started a Coursera project to digitise legal contracts, which evolved into a broader "trust layer for digital banking" thesis as Indian RBI made digital onboarding viable. The funding history is methodical: $38.7 million total raised across multiple rounds with investors including Kalaari Capital, SAP and Mastercard. The strategic moves matter more than the funding alone:
Customer scale: all of the largest Indian banks (including ICICI, HDFC, SBI through different product touchpoints), 10+ Fortune 30 companies, a Top 3 US acquiring bank, and growing global card-issuer presence via the Mastercard partnership. The right framing for Indian buyers in 2026: Signzy is the default-correct call for any Indian bank / NBFC / fintech or global cross-border buyer that values Mastercard's strategic-partnership leverage, no-code workflow builder, and KYB (business-KYC) depth alongside individual KYC. It is the wrong call for teams that specifically want the lowest-latency Indian-face V-CIP at extreme scale (HyperVerge), the broadest BGV + 7-country footprint (IDfy), or a standalone fraud / device-intelligence layer (Bureau / Sardine).
Signzy is a no-code KYC, KYB and AML platform — a visual workflow builder plus APIs that let banks, NBFCs and fintech compose digital onboarding journeys for both individual KYC (V-CIP, Aadhaar e-KYC, face match, document OCR) and business KYC (KYB) (GSTIN verification, MCA director lookups, beneficial ownership analysis, business address validation), with AML / sanctions screening and fraud monitoring layered on top. The no-code workflow surface is the differentiator: instead of writing integration code to chain steps, BFSI compliance teams can drag-and-drop the journey in a visual builder and the underlying APIs are stitched together.
The company was founded in 2015 in Bengaluru by Ankit Ratan (CEO), Arpit Ratan (Ankit's twin brother) and Ankur Pandey — three IIT graduates whose first instinct was to digitise legal contract workflows (the founding Coursera project was a contract-digitisation tool) before pivoting to the broader "trust layer for digital banking" as RBI opened up digital onboarding for Indian banks in 2016–2017.
The funding and partnership trajectory is what sets Signzy apart from the rest of the Indian KYC category:
Customer scale per Signzy disclosures: all of the largest Indian banks (across different product touchpoints — V-CIP at one bank, KYB at another, AML at a third), 10+ Fortune 30 companies, a Top 3 US acquiring bank, and growing global card-issuer presence courtesy of the Mastercard distribution channel.
The headline product differentiator — a visual drag-and-drop journey builder that lets BFSI compliance teams compose KYC / KYB / AML flows without engineering work. Steps include document capture, OCR, face match, liveness, Aadhaar e-KYC, GSTIN / MCA lookups, AML screening, decisioning rules and human review escalation.
Distinct depth in business / merchant onboarding — GSTIN verification, MCA director-and-beneficial-ownership lookups, Udyam, GST, business address validation, ITR matching, banking statement analysis. The default-correct call for Indian fintech B2B onboarding or any platform that needs business-side trust signals.
RBI-compliant V-CIP with agent-assisted and assisted-self-service flows; the engine distributed globally via Mastercard. Solid Indian-face accuracy though HyperVerge typically wins at lowest-latency extreme scale.
Standard Indian KYC primitives — Aadhaar online e-KYC, offline KYC / DigiLocker, full document OCR (PAN, Aadhaar masking, DL, RC, voter ID, passport), face match with passive and active liveness, deepfake / spoof detection.
Sanctions and PEP screening, AML transaction monitoring, fraud risk scoring — meaningfully expanded post the early-2024 Difenz acquisition. Reduces the need to stack a separate AML vendor.
The Mastercard global alliance + Microsoft Azure Marketplace listing give Signzy materially broader cross-border distribution than HyperVerge / IDfy / Karza. Especially valuable for Indian fintech expanding into global markets or for global banks adding India coverage.
Signzy uses per-verification INR pricing with volume tiers; no public list, enterprise sales. Indicative ranges:
All Indian pricing INR with 18% GST through Signzy's Indian entity. Global deployments via Mastercard channel typically USD-billed. Multi-year contracts 20–30% off list.
Signzy is the wrong call when: you need the lowest-latency Indian-face V-CIP at extreme scale — HyperVerge typically wins; you need large-volume Indian BGV (employment verification) — IDfy is the market leader; you need a standalone fraud / device-intelligence layer — use Bureau / Sardine; or your procurement specifically requires Indian-vendor independence from global card networks (some PSU bank procurement is sensitive to this).