ABAKA, a London-based AI-recommendation engine, and digital retirement solutions provider announced the closing of a $5 million second tranche of its Series A investment.

The round was co-led by Lingfeng Capital and Thames Trust, with additional investments from both new and existing investors.

ABAKA will use the funding to support its international expansion in Asia and the ongoing development of its AI-powered hyper-personalized recommendation engine.

Company: ABAKA Holdings Limited

Raised: $5.0M

Round: Series A

Funding Month: November 2021

Lead Investors: Lingfeng Capital and Thames Trust

Additional Investors:

Company Website: http://www.abaka.me/

Software Category: AI-recommendation engine and digital retirement solutions

About the Company: ABAKA has created an AI-driven digital platform that gives the financial services industry the means to engage, retain and acquire customers. ABAKA is the world's first digital saving and retirement enterprise SaaS platform, powered by Artificial Intelligence. ABAKA's innovative technologies enable financial institutions to power digital saving and retirement solutions and deliver scalable and affordable advice on pensions, savings, and investments to their retail customers. With deep expertise & specialization in machine learning and hyper-personalization, ABAKA is a multi-award-winning provider of Artificial Financial IntelligenceTM that serves the needs of global financial institutions across retail banking, wealth management, retirement, and insurance (life and non-life). 

Source: https://www.einnews.com/pr_news/555706522/abaka-completes-second-tranche-of-its-series-a-investment