Fintech
Niyogin Fintech Limited acquires “Superscan” from Orbo.ai
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Niyogin Fintech Ltd has announced the acquisition of Superscan, an AI-powered document imaging, automation and fraud detection platform, from Shark Tank fame Orbo.ai.
This strategic acquisition demonstrates Niyogin’s commitment to driving digital transformation and encouraging widespread adoption of cutting-edge technologies.
Tashwinder Singh, MD and CEO of Niyogin, said: “Superscan will help streamline our internal processes, the real opportunity lies in creating AI-driven assisted and unassisted tools for our partners. This opens up a number of possibilities , powering an actor network that enables faster onboarding, continuous document verification, and robust anti-fraud protection – all accessible through an AI-powered umbrella.”
According to the official release, the proposed acquisition is in line with Niyogin’s vision to reach the unbanked, digitize fragmented value chains and inject customer-centric automation into the global BFSI market. By acquiring “Superscan” from Orbo.ai, Niyogin pushes the brand towards an innovation-driven growth path.
“The opportunity to host the ‘Superscan’ platform with an established player like Niyogin gives us the confidence to achieve the impact we believe our technology solutions can deliver,” noted Manoj Shinde, CEO and founder of Orbo.ai.
Founded in 2019 by Manoj Shinde, Danish Jamil and Abhit Sinha, Orbo provides a beauty automation stack using artificial intelligence. It says in-depth data on skin tone, facial features and other anomalies is provided by the beauty stack, helping brands provide hyper-personalized product recommendations.
SuperScan’s core IPs enable intelligent document processing, automation agents and fraud detection tools. Automate traditionally manual processes to increase efficiency and accuracy.
Niyogin Fintech Limited provides innovative financial technology solutions that offer lending, financing and investment, as well as lending and related activities to micro, small and medium enterprises.