Finexos, a London, UK-based AI-driven Software as a Service (SaaS) startup, has secured £690,000 in seed funding.
The round was led by Growth Capital Ventures with participation from SyndicateRoom and existing angel and VC investors.
Growth Capital Ventures is an alternative investment firm with two business units: a private investor network and a venture builder. The company focuses on originating impact-driven investments across property, and clean energy. The firm was founded in 2015 and is based in Durham, United Kingdom.
Finexos Use of Funds
The company will use the funds to accelerate its go-to-market strategy and expand its reach in the credit and affordability risk analytics sector.
Founded in 2017, Fineox is an AI-driven SaaS solution, that utilizes advanced AI, data science, and behavioral analytics to improve credit decisioning and monitoring. Finexos stands at the intersection of technology and finance, aiming to transform the credit scoring process. The company’s proprietary AI-powered risk engine, FIOLA, utilizes multi-source data, including open banking and machine learning, to automate and improve the accuracy of creditworthiness assessments.
Company: Finexos Group Holdings Ltd.
Round: Seed Round
Funding Month: December 2023
Lead Investors: Growth Capital Ventures
Additional Investors: SyndicateRoom
Company Website: https://www.finexos.io/
Software Category: Financial Software