IIFL Fintech Fund Invests in TraqCheck’s $8 Million Series A for AI Hiring Agents

April 15, 2026
IIFL Fintech Fund has joined IvyCap Ventures in an $8 million Series A investment in TraqCheck, an HR technology company developing autonomous AI agents to automate enterprise hiring workflows across India and Europe.

IIFL Fintech Fund has participated in the $8 million Series A funding round of TraqCheck, announced in a press release. The round was led by IvyCap Ventures, with IIFL joining as a strategic partner to support TraqCheck’s expansion in India and Europe.

TraqCheck is developing a Human Operating System composed of specialized AI agents that autonomously manage hiring workflows. Its main product, Trace, automates background verification for nearly 300 enterprise customers, while a new agent, Nina, handles candidate sourcing, outreach, and qualification to deliver vetted talent directly to hiring managers.

The company’s platform aims to replace traditional recruitment tools by enabling end-to-end automation of enterprise hiring. TraqCheck’s approach focuses on reducing time-to-hire and cost-per-hire through fully autonomous operations, targeting industries with high-volume hiring such as banking, logistics, and healthcare.

IIFL Fintech Fund, established in 2021, invests in early-stage fintech and AI infrastructure startups. Its portfolio includes companies across digital infrastructure, compliance, data analytics, and lending enablement.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

04/15
Rockefeller Foundation Commits $10 Million to IRC for AI-Powered Humanitarian Innovation
04/15
TEDCO Awards $2.1 Million to 13 Maryland Innovation Initiative Projects
04/15
GrubMarket Acquires Schoenmann Produce to Expand Gulf Coast Operations
04/15
U.S. Army Awards $15.3M Contract to Quantum-Systems for Vector AI Drones
04/15
Voltavate Receives $3.55 Million ARENA Grant to Scale Battery Manufacturing

Subscribe to AI Funding Brief

AI Token Webinar

Whitepaper

Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions

This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.

Read more

You May Also Like