SuperScan by Orbo AI x Niyogin is a Done Deal

Niyogin acquires Orbo's SuperScan to accelerate AI-led transformation in BFSI.

Objective

Orbo (also on Shark Tank) is a startup focused on AI solutions built on its document-reading capabilities, now also focused on a solution for beauty. Orbo was looking to divest the tech stack focused on document processing, which was largely aimed at banks and financial institutions.

Done Deal edge

The business segment was listed on the platform, focusing primarily on its capability, existing client base and potential use cases. The sellers had 15+ conversations with potential investors through the platform, finally receiving an offer from a fintech player who wanted this exact capability to improve their own product offering.

Outcome

The business segment was acquired along with the tech stack, product suite, clients and team moving to the acquirer.

We are thrilled to further our relationship with SuperScan, a fintech platform of Orbo.ai. While SuperScan will help streamline our internal processes, the real opportunity lies in creating AI-based assisted and unassisted tools for our partners — enabling faster onboarding, seamless document verification and robust fraud protection, all accessible through an AI-powered umbrella.

The opportunity to house the SuperScan platform with an established player like Niyogin gives us the confidence to deliver the impact that we believe our technology solutions can deliver.