Chinmay Bidkar
IBSFINtech India Pvt. Ltd, one of the leading providers of comprehensive, innovative & integrated Corporate Treasury Management solutions has raised an undisclosed seed funding from Shailesh Haribhakti, Chairman of Haribhakti & Co.
Showing his faith in IBSFINtech’s Integrated Treasury Management Solution, he quotes, “IBSFINtech is the Gold standard in Treasury & Forex management software.”
C M Grover, Executive Director, IBSFINtech quotes, “We are deeply honored and obliged by Shailesh Haribhakti’s gesture of faith in our company. We thank him for providing us this opportunity and we all are thrilled for the prospects this holds for IBSFINtech.”
T M Manjunath, Director – Technical Services, IBSFINtech stated, “Our Products’ have immense growth potential and ability to serve all medium to large corporates, financial institutions & Public Sector Undertakings. IBSFINtech reckons its potential, and is constantly investing resources to enhance the product for offering a contemporary solution and staying ahead in changing times.” He further adds, “Shailesh Haribhakti’s gesture of faith in our products further strengthens my belief in IBSFINtech becoming an unstoppable force in the treasury & trade finance management space.”
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The company is also in the early stage of discussions to raise growth funding of $2-4 million for scaling up operations globally, product research and development.
IBSFINtech is a global software product company that manages $20 Billion treasury market transactions in India; The company was founded in 2006 by technopreneurs that exceed 100+ person-years domain experience in IT, Finance & Treasury.
The company takes pride in being an only Indian Company to offer Comprehensive Treasury and Trade Finance Solutions for corporates, PSUs and SMEs.
The company is currently serving several customers across various industries such as Automotive, Chemicals, Media, Steel, Textiles, e-Commerce, Retail, Commodity, Diamond & Jewellery.The company’s innovative product portfolio can serve clients from different industry vertical ranging from core manufacturing (Steel, Textiles, Refineries) to IT /Software services and large trading companies to pure Services Providers (like Forex Consultants). Some of the existing client names include HCL, Sonalika International Tractors Ltd, Indofil Chemicals Ltd and Himatsingka Seide Limited.
The company has been in limelight recently over the selection by Maruti Suzuki to implement treasury management solution at the automobile giant.
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