Cryptocurrency fraud prevention regulatory technology startup Data Sutram raises $9 million in funding

According to a report by Golden Finance, Data Sutram, a cryptocurrency fraud prevention and regulatory technology startup, announced the completion of a $9 million financing round led by B Capital and Lightspeed. Data Sutram is committed to addressing the surge in digital transactions and related fraud risks. The new funding will support its business focus to shift towards areas such as cryptocurrency to cope with the surge in digital transactions and related fraud risks in real-time payments, Web3, and consumer insurance. The company also received $3 million in financing led by Bharat Fund and participated by Singularity Growth Fund in 2023.