Fintech startup Data Sutram raises $9 million from B Capital, Lightspeed

Data Sutram, a fintech startup that enables financial institutions to curb fraud and ensure regulatory compliance, has raised $9 million through a mix of primary and secondary funding, founder and chief executive, Rajit Bhattacharya, told ET.

The financing round was co-led by venture capital firms B Capital and Lightspeed.

The Mumbai-based company will use the capital to expand its team, boost product capabilities and accelerate development of its artificial intelligence (AI)-driven platform, said Bhattacharya.

Data Sutram, which focuses on serving…