Techjockey News

RootFi, a startup specializing in Business to Business (B2B) software-as-a-service (SaaS), recently secured more than $1.5 million in funding during its seed round. This investment was led by prominent venture capital firms such as Y Combinator, Soma Capital, Pioneer Fund, and several other investors.

According to a press release by RootFi, the company intends to use the funds it has raised to grow its presence in various regions and industries, including e-commerce, payments, and CRM. Additionally, they plan to expand their team to support their expansion efforts.

RootFi was established in 2022 by Sidharth Rao, Ishwar Gogineni, and Parth Shah. The company’s primary goal is to offer a single API for accessing authorized business data. It accesses information from different financial platforms such as e-commerce, accounting, and payments.

RootFi aims to drive innovative solutions for businesses in India, Asia, the Middle East, and Africa. The startup, headquartered in Bengaluru, collaborates with over 25 SaaS, fintech, and financial institutions. They provide advanced technology solutions for underwriting, credit, financial management, and accounting automation.

RootFi was among the startups chosen for Y Combinator’s Summer 2022 program, along with other promising companies like Shelf, Cone, Hiresure.ai, AlgoTest, and Landeed.

HireSure.ai, a platform focused on HR technology, recently received a significant investment of $2.5 million in seed funding from Three State Capital and Y Combinator.