Gradatim, an international provider of technology services to microfinance institutions and insurers, has raised USD 3 million in Series A equity funding from NEA-IndoUS Ventures, a venture capital firm that invests in India. YES Bank, a commercial institution, served as the exclusive advisor to the transaction.

About Gradatim:

Privately-held Gradatim, which has operations in India, Australia and Singapore, offers MFResolve, which is a credit and savings management platform for microfinance institutions. Its MFInsure product offers insurance providers tools for deploying new products, expanding distribution networks and managing policies in real time.

Sources and Resources:

Gradatim:
http://gradatim.co.in/

Gradatim press release
http://gradatim.co.in/pdf/NEA%20-%20Gradatim%20Release.pdf

NEA-IndoUS Ventures
http://www.neaiuv.com/