Metis Intellisystems Pvt Ltd, a company specializing in intelligent decision-making for financial institutions using Artificial Intelligence and Machine Learning, has successfully raised 1.3 Crores in a funding round led by Inflection Point Ventures. The capital will be used to develop innovative solutions, optimize strategic applications, and expand both locally and globally.
Metis, which stands for Intelligent Decisioning using AI & ML for BFSI (Banking, Financial Services, and Insurance), aims to lead the shift towards intelligent automated decision-making systems, replacing outdated technologies and manual methods. The company leverages AI and ML to create solutions by capitalizing on, triangulating, and collating multiple sources of information.
Khushru F. Doctor, CEO of Metis, brings over 30 years of experience to the table. His qualifications include an MCA, former CISA, CSM, PMP, and a Diploma in Innovation and Design Thinking. Amit Saraswat, the CPO, has over 20 years of experience and holds a PhD in “Advanced Statistical Methods” and a Bachelor’s Degree from IIT Roorkee. Saraswat, the first Data Scientist at LendingKart, has also served as a Data Scientist at Fidelity Investments and Home Credit. Supporting them is Mahima Dwivedi, an expert in International Business Development.
Vikram Ramasubramanian, Partner at Inflection Point Ventures, emphasized the importance of robust credit decision-making as credit availability increases, boosting economic growth. He stated, “As credit availability increases, boosting economic growth, credit decision-making must become more robust. With a wealth of qualitative and quantitative information available today, data science is essential for improving credit decisions. Analytics not only assist lenders before lending but also act as early warning systems during the credit term, ensuring credit quality is maintained. While existing applications help lenders with credit decisions, they often fail to adapt to the evolving credit landscape and fully leverage data science. Metis addresses this with more accurate and agile data analytics and early warning systems. Led by Khusru and Amit, who bring deep and complementary expertise, Metis is well-positioned to thrive in this market.”
Khushru F. Doctor, CEO of Metis Intellisystems, echoed these sentiments, saying, “Metis Intellisystems aims to transform the fintech industry using its cutting-edge AI/ML technologies. There is a lack of high-tech, intelligent decision-making processes, even in large fintechs. Metis aims to spearhead the adoption of intelligent systems for decision-making to replace outdated technologies or manual methods. Leveraging our expertise in advanced technologies, experience in Fintech, and passion for problem-solving, Metis seeks to harness and interweave abundant, diverse data sources via cross-referencing and triangulation to champion a paradigm shift to automated intelligence.”
Since launching their product two months ago, Metis has secured partnerships with various financial institutions, including a prominent national bank. They were invited to The Indian Banks’ Association (IBA) Knowledge Series to present their solutions to large public sector banks. The company has formalized agreements with several companies and is in discussions with multiple banks and NBFCs to implement solutions for risk identification, early warning systems, and automated business rule engines (BRE) for lending.
The digital lending sector, where Metis operates, is projected to grow significantly from USD 270 billion to USD 1.3 trillion by 2030. This substantial market growth highlights Metis’s vast potential and opportunities as it scales its operations.
Inflection Point Ventures has a strong track record, having invested over INR 700 Crores in more than 200 startups. With their support, Metis is poised to make significant strides in the fintech industry, driving the adoption of intelligent, AI/ML-powered decision systems.