Gradatim raises $3M in Series A funding from NEA IndoUS

Microfinance Focus, Dec. 15, 2009: Gradatim, an IT solutions provider to financial sector and banking inclusing microfinance institutions, has announced the completion of its Series A funding from NEA-IndoUS Ventures (NEA-IUV) amounting to $3 million, said a statement sent to Microfinance Focus.
Gradatim is a privately held IT company with operations in India, Australia & Singapore, with focus on Business Process Utility (BPU) providing services across the banking and insurance industries, especially microfinance space. Gradatim’s clients include MFIs and NBFC’s, Insurance providers across Asia and Australia.
Prakash CV, Managing Director of Gradatim, said: “We believe this Series A funding would further strength our offerings, making it more incisive, distinct and ‘customer –focused’.”

Related Posts:

• Gradatim IT Ventures Founder bags Innovative Leadership award from PRCI
• “Microfinance inst need to spend more time with their IT partners”-Gradatim CEO
• Nexus Ventures to organise ‘coffee’ meet for microfinance professionals
• Australia to provide $2M for microfinance literacy program in Pacific Islands
• Srijan 2009 to spur discussion on Social vs. Commercial Aspects of Microfinance
• In the wake of SKS IPO, MicroSave releases Podcast on ‘The Compartmos Experience’
• FICCI to hold insurance conference on July 10
• BSP allows sale of microinsurance products in Philippines

© 2009, Microfinance News. All rights reserved. 2008-09