AdvaRisk raises $700K in seed funding led by Sprout Venture

Fraud prevention and investigation startup AdvaRisk has raised $700,000 in a seed funding round led by Sprout Venture Partners. SEA Fund and angel investors including ex-deputy MD of Axis Bank V Srinivasan and ex-MD of Multiples Alternate Asset Management Sharad Bhatia also participated in the round. AdvaRisk claims to have on-boarded a few major banks and NBFCs as clients.