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AdvaRisk seeks $20-25 million funding talks with Fundamentum and others

ICICI Bank-backed fraud and borrower-risk startup AdvaRisk is in talks to raise $20-25 million (about Rs.190-237.5 crore) from investors including Fundamentum, two people said.

ICICIBANK

New Delhi, Sept.

1 -- ICICI Bank-backed startup AdvaRisk, which helps banks and financial institutions detect fraud and assess borrower risk, is in talks to raise $20-25 million, or about Rs.190-237.5 crore, from investors including Fundamentum, according to two people aware of the matter.The deal…