Business Standard

Visa software startup Atlys raises $12 million in Collection A funding

Current buyers similar to Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders, and others additionally participated on this spherical.

Atlys mentioned it plans to allocate this capital to reinforce its product choices to vacationers, increase its buyer base and strengthen its workforce by hiring prime expertise. The corporate beforehand raised $5 million in a seed spherical in 2021.

“Visa is a important ache level for travellers, and Atlys is constructing a next-generation platform to rework visa purposes for vacationers globally and reimagine worldwide journey,” mentioned Shrayansh Thakur, Director, Peak XV.

Mayank Khanduja, Associate at Elevation Capital, added: “Our partnership with Mohak represents an necessary step in the direction of Atlys’ efforts to simplify international mobility. Their technique of providing a cost-effective, risk-free and data-driven new-age visa service will encourage quicker adoption of newer and extra environment friendly procedures.”

Based by Mohak Nahta in 2021, Atlys permits its purchasers to use for and acquire visas on time by way of its digital platform from anyplace on the planet.

“Our distinctive program is to rework an anxiety-ridden course of into one in every of certainty,” Nahta mentioned. “By leveraging greater than one million information factors, we will predict when you’ll get a visa and cut back visa rejection charges.”

He mentioned that each Indian ought to have the chance to journey anyplace with out the burden of sophisticated visa procedures. He added that Atlys “can assist Indians receive visas on time for greater than 100 nations and has diminished the time required to use for a visa to lower than three minutes.”

Atlys has additionally partnered with governments to make visas simpler to acquire and assist them cut back lengthy stays. The startup goals to handle buyer ache factors similar to journey credit score, remittances and journey insurance coverage.

(tags for translation)Elevating

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