INDBIN raises $1M in funding and acquired INIOTS IT Solultions
INDBIN FINTECH SERVICES LLP, a company that specializes in developing innovative software and Fintech solutions, has raised $1 million in funding and has been offered for equity share by a leading Venture Capitalist company. The funding round was led by undisclosed Venture Capitalist Firm and included participation from other investors.
The acquisition of of iniots under Indbin Fintech Services LLP expected to help the latter expand its product offerings and strengthen its position in the market. The acquisition will also enable iniots IT Solutions to leverage INDBIN’s resources and expertise to accelerate its growth.
“We are excited to join forces with iniots IT solutions and look forward to working together to deliver innovative solutions to our customers,” said Mummidivarapu Satyanarayana, CEO of INDBIN FINTECH SERVICES LLP
CEO Founder Mr Satya added, “We are thrilled to welcome INIOTS to the Indbin family. We believe that the acquisition will help us to better serve our customers and drive growth for our business.”
This acquisition is a testament to the growing interest in fintech startups and the potential for innovation in the technology industry. It is also a sign of the increasing importance of collaboration and partnerships in driving growth and success in the industry.
INDBIN Headquartered in Bengaluru now expand its IT services in Hyderabad - with a plan of expanding the Software team in its upcoming office in Gachibowli Hyderabad. In an announcement made today, they are in process of recruiting 90 Technical and 50 Non Technical Graduates in its expansion process