Infrasoft Technologies

About Infrasoft Technologies

Initially founded as Infrasoft Technologies in 1995 by Hanuman Tripathi, Maninder Singh, Rajesh Mirjankar, and Rashmi Agarwal, the company rebranded to Kiya.ai in 2022 to reflect its focus on artificial intelligence. Based in Mumbai, India, Kiya.ai provides a comprehensive suite of digital solutions for financial institutions and governments across more than 58 countries. The company is a CMMI Level 5 v2.0 assessed organization, serving over 600 clients.

The company's offerings are centered around AI-based omnichannel banking, core banking systems, digital payments, and RegTech solutions covering governance, risk, and compliance. Its product suite includes solutions for anti-money laundering (AML), fraud prevention, and regulatory reporting. The business operates on a Software-as-a-Service (SaaS) model, providing hosted solutions for core banking and payments, which has found significant traction among co-operative and SME banks. This model allows clients to access world-class infrastructure without substantial upfront investment. Kiya.ai has also ventured into emerging technologies like the metaverse with its 'Kiyaverse' platform, which offers virtual environments for banking, e-commerce, and workforce engagement.

Co-founder Rajesh Mirjankar, who also serves as MD & CEO, has been instrumental in the company's global expansion and its pivot towards new technologies like AI, metaverse, and Web3. Co-founder Maninder Singh has been key in developing the core architecture for the company's banking products, including its ATM switch and core banking solutions. The firm received a Series B funding round of $24.8 million in 2007 led by Baring Private Equity Partners.