The fresh funds will be used to strengthen the team, build the technology further and offer enhanced products with focus on enabling access to credit, corporate banking, cross border payments and the neo-banking stack.
The IT Innovation Start-up fund, an INR 200 crore corpus with an initial outlay of INR 50 crore, was launched by the then SBI Chairman Arundhati Bhattacharya in June 2016.
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