Reliance Venture Invests in Gradatim, Micro Payment Service in Business Process Utility Space

Reliance Venture has invested $9mn in Gradatim, Bangalore based startup in BPU (Business Process Utility) space that offers on demand business process utilities to customers across industries.

Gradatim earlier raised $3mn from NEA-IndoUS Ventures and offers technology platform for MFIs and offers solutions for micro-finance, micro-insurance and micro-payment space.

One of Gradatim’e product, MFResolve is an on-demand, modular product for Micro-finance industry and is based on ‘pay as you use’ functionality.