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HYDERABAD: Haryana-based IntelleWings on Wednesday said it has raised a seed funding of $100,000 from SucSEED Indovation, Friends of PadUp and Vinners.

The startup has bagged funding for its product, IntelleWings’ EYE, that can help regulatory firms in the area of anti-money laundering compliance such as transaction monitoring, customer screening against global lists, integrated & comprehensive case management solution, and integrated PEP (politically exposed persons check/adverse media check), among others.

IntelleWings CEO and cofounder Pramod Sharma said Intelle Wings’ EYE will contribute in the nation’s fight against corruption and terrorism. “The money raised will help us to grow the team, as there is a lot of traction for the product currently in the market,” he said.

Vineeta Gupta, head- deal discovery and investments at SucSEED Indovation Fund, said: “We believe IntelleWings Anti-money Laundering (AML) solution, using AI, ML Deeptech, will augment the skills and knowledge of financial Institutions to help them do this efficiently and reduce their exposure and enhance regulatory compliances.”

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