Monsoon CreditTech has become one of the seven fintech companies from across the world and the only one from India selected by Mastercard Start Path, part of Mastercard Labs, to be part of its startup engagement program. Start Path is designed to help later stage startups scale their business. This puts Monsoon in an elite club of companies and will give Monsoon access to Mastercard's global network of customers and subject matter experts, bringing Monsoon's machine learning technology to global markets outside India. Monsoon says it has also recently closed a new round of undisclosed amount in funding from strategic institutional and individual investors from across the globe ranging from geographies such as USA, UK, UAE and India. The digital shift As the volume of data available for analysis grows and computational power becomes cheaper, banks and financial institutions are beginning to realize the potentially transformational benefits of embracing Artificial Intelligence (of which machine learning is a subset).