# Paanini

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paanini

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: http://www.jiffy.ai
- Total disclosed funding: $52M
- Latest round: Series B (Sep 10, 2021)
- Investors on record: 6

## About

Paanini, Inc. delivers AI-powered intelligent automation solutions to streamline operations in financial services and beyond, enhancing efficiencies with a no-code platform that rapidly creates financial applications.Founded in 2012 and headquartered in Sunnyvale, US, Paanini, Inc. specializes in intelligent automation. The company raised USD 33.97 mn in Series B funding in September 2021, led by Eight Roads Ventures, with participation from other notable investors including Iron Pillar and R-Squared Ventures. The CEO, Babu Sivadasan, along with a team of co-founders, has previously been involved in establishing other ventures. Paanini has completed a total of 2 deals as an investment target since its inception, with the latest funding round marking the entirety of their raised capital to date.JIFFY.ai focuses on AI-driven automation solutions designed to enhance operational efficiency in financial services and other sectors. Their no-code platform enables the rapid development of financial applications, addressing specific business needs through features such as unified onboarding and streamlined workflows for wealth management firms, banks, and credit unions. JIFFY.ai's clientele includes global banks and professional services firms, primarily in North America and selected international markets seeking digital transformation.JIFFY.ai generates revenue through a subscription-based model along with direct partnerships with financial institutions. Clients have access to the no-code platform, allowing them to automate workflows and enhance efficiency. The revenue model involves comprehensive agreements for their suite of AI-powered solutions, contributing to client retention and engagement. Although specific pricing plans are undisclosed, the company's offerings aim to deliver measurable savings and productivity improvements critical for the financial services sector.In September 2021, Paanini, Inc. secured USD 33.97 mn in Series B funding to accelerate their sales and marketing efforts and enhance their platform capabilities. The company aims to launch new product features designed to further streamline operational processes in financial services. Plans for expansion include targeting additional geographic markets to broaden their footprint, particularly in regions with growing demand for automation solutions. The funding will support these initiatives, aligning with their strategy for sustainable growth and increased market presence.

## Funding rounds

- Series B, Sep 10, 2021, $34M — Eight Roads Ventures, Nexus Venture Partners, Rebright Partners, Iron Pillar, R-Squared Ventures, Reaction
- Series A, Jun 1, 2020, $18M — Nexus Venture Partners, Rebright Partners, Reaction

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A, Series B
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Series A, Series B
- Reaction (https://capitalatlas.ai/funds/reaction) — Series A, Series B
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B
- Iron Pillar (https://capitalatlas.ai/funds/iron-pillar) — Series B
- R-Squared Ventures — Series B