In a significant funding milestone for India’s enterprise technology ecosystem, Arteria Technologies, a leading SaaS-based fintech solutions provider, has raised ₹100 crore from ICICI Venture, one of India’s largest private equity firms. The investment marks a strategic bet on Arteria’s ability to accelerate digital transformation in global trade finance, supply chain financing, and enterprise integration for banks and large corporates.
Key Highlights Of The Funding Round
- Funding Amount: ₹100 crore (~USD 12 million)
- Investor: ICICI Venture Funds Management Company Limited
- Round Type: Growth capital round
- Use of Proceeds: Product innovation, global market expansion, talent acquisition, and strategic partnerships
The investment was made through ICICI Venture’s India Advantage Fund Series 5, which focuses on high-growth technology and enterprise software companies.
About Arteria Technologies
Founded in 2006 and headquartered in Bengaluru, Arteria Technologies specialises in SaaS solutions that digitise trade and supply chain finance workflows for banks and corporates. Its flagship offerings include:
- Trade Financing Platforms: End-to-end automation for bank guarantee issuance, letters of credit, and supply chain finance processes.
- SAP Integration Solutions: Certified add-ons to integrate banking workflows within corporate ERP systems.
- Blockchain-based Trade Networks: For secure multi-party document exchange and transaction authentication.
The company serves over 100 global clients including leading Indian and international banks, large conglomerates, and manufacturing majors.
Leadership Commentary
Srinivas Balasubramanian, CEO & Founder of Arteria Technologies, stated:
“This investment from ICICI Venture validates our vision to become the leading global SaaS provider for trade and supply chain finance automation. We will accelerate product R&D, scale sales teams across geographies, and build innovative digital ecosystems for our banking and corporate customers.”
Gagandeep Singh, Senior Director at ICICI Venture, added:
“Arteria has demonstrated strong traction in digitising complex banking and trade workflows with scalable SaaS solutions. We are excited to partner with Srinivas and his team to support their global growth journey.”
Arteria Technologies’ Financial Performance
| Metric | FY23 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹85 crore | ₹122 crore | +43.5% |
| EBITDA | ₹18 crore | ₹31 crore | +72% |
| EBITDA Margin | 21.2% | 25.4% | +420 bps |
| Net Profit | ₹11 crore | ₹19 crore | +72.7% |
The company recorded strong revenue and profitability growth in FY24, driven by:
- Expansion in South-East Asia and Middle East banking segments
- New wins in supply chain finance digitisation for large conglomerates
- Strategic partnerships with SAP and blockchain platform providers
Key Clients Across Banking & Enterprise Sectors
- Banks: ICICI Bank, HDFC Bank, SBI, Bank of Baroda, Emirates NBD, DBS Bank
- Corporates: Tata Steel, Hindalco, Vedanta, UltraTech Cement, Mahindra Group
(Client names are indicative based on publicly disclosed implementations.)
Why ICICI Venture Invested In Arteria
- Strong market positioning: Leadership in SAP-integrated trade and supply chain finance solutions in India and growing presence in Asia and the Middle East.
- Robust revenue growth: Over 40% CAGR in the last three years.
- High gross margins: SaaS subscription revenues with strong customer stickiness.
- Massive addressable market: The global trade finance software market is projected to grow at 10-12% CAGR to reach USD 2.5 billion by 2028.
- Experienced founder-led team: Deep banking domain expertise and technology execution track record.
Indian SaaS Fintech Funding Landscape
| Company | Recent Funding (USD Million) | Key Investors |
|---|---|---|
| Arteria Technologies | 12 | ICICI Venture |
| Perfios | 80 | Warburg Pincus, Bessemer |
| CredAvenue (Yubi) | 137 | Insight Partners, Lightrock |
| M2P Fintech | 60 | Tiger Global, Insight |
| Razorpay | 375 (2021) | GIC, Sequoia, Y Combinator |
India’s SaaS fintech ecosystem continues to attract strong investor interest driven by:
- Large domestic market for banking and financial services digitisation
- Global expansion potential with competitive pricing and innovation
- Focus on profitability and sustainable growth
Strategic Growth Plans Post Funding
Arteria Technologies plans to deploy the ₹100 crore funding towards:
- Product Development
- AI-enabled trade document processing and fraud detection modules.
- Expansion of blockchain-based trade finance network capabilities.
- Market Expansion
- Scaling sales and implementation teams in Middle East, Africa, South-East Asia, and Europe.
- Setting up regional offices in Singapore and Dubai for closer client engagement.
- Talent Acquisition
- Hiring across engineering, AI research, sales, and consulting functions.
- Strengthening leadership bench with global banking technology experts.
- Strategic Alliances
- Deeper partnerships with SAP, Oracle, and global banks for co-innovation.
CEO’s Vision For The Next Five Years
In a recent internal address, Srinivas Balasubramanian outlined his vision:
“We will transform Arteria into a $100 million revenue company within the next five years by becoming the default trade and supply chain finance SaaS partner for banks and corporates globally.”
Challenges Ahead
While Arteria is well-positioned, key risks remain:
- Competitive Intensity: Global fintech SaaS majors such as Finastra, Oracle, and emerging startups are ramping up in trade finance.
- Technology Cycles: Rapid AI integration, API standardisation, and blockchain adoption could require accelerated innovation.
- Talent Retention: Maintaining engineering talent amid aggressive hiring by Big Tech and unicorn startups.
Expert Commentary
Raghavendra Rao, Banking Technology Analyst:
“Arteria’s integrated SaaS offerings give banks the agility they seek in digitising trade finance, a segment that has historically been complex and paper-intensive. With ICICI Venture’s backing, it can build global scale and accelerate product innovation.”
Outlook For The Indian SaaS Fintech Sector
India’s fintech SaaS market is expected to grow at 30% CAGR to reach USD 10 billion by 2030, driven by:
- Global banks outsourcing core and non-core process digitisation to Indian SaaS players.
- Convergence of AI, APIs, blockchain, and real-time payments infrastructure.
- Investor focus shifting from B2C fintech to profitable enterprise fintech solutions.
Conclusion
The ₹100 crore funding round led by ICICI Venture marks a pivotal milestone in Arteria Technologies’ journey, reinforcing its leadership in trade and supply chain finance digitisation. As the company accelerates global expansion and product innovation, it is poised to contribute significantly to India’s emergence as a global SaaS powerhouse in banking and enterprise technology.
Disclaimer: This news content is based on company announcements, market data, and industry analysis. It does not constitute investment advice or a recommendation to buy, sell, or hold any securities. Readers are advised to consult SEBI-registered investment advisors or certified financial professionals before making any investment decisions.
