Cognitive Credit, a London-based enterprise software company focused on the global corporate credit market, announced that it has raised £6 million (approx €7.1M) in funding in a Series A round.
The round was led by Fitch Ventures, the equity investment arm of Fitch Group, with XTX Ventures, Pentech, and several industry insiders participating. The company has raised £10M in funding to date.
The €7.1M funding will enable the UK company to extend its market leadership, grow its team, and expand to the US market.
The company is also planning to launch multiple products across global credit markets in the coming year. The company is hiring across its engineering, commercial, and data divisions in both regions (the UK and US).
Company: Cognitive Credit
Raised: £6.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Fitch Ventures
Additional Investors: XTX Ventures and Pentech
Company Website: https://www.cognitivecredit.com/
Software Category: Data-driven software
About the Company: Cognitive Credit provides data-driven software that combines productivity tools with analytical features enabling efficient and precise corporate credit analysis. The company’s software relieves investment teams of mundane, repetitive data processing so that they can allocate more time to their value-added work. The London-based company works with the world’s leading investment banks, asset managers, hedge funds, and financial/legal advisory firms.
Source: https://siliconcanals.com/news/startups/uks-cognitive-credit-bags-7-1m/