Maddyness UK’s Post

When a start-up is the competitor that may take your corporation down in 10 years, you need to take innovation seriously. This mindset has certainly emerged quickly across Financial Services as FinTechs have revolutionised customer experience. The onus moves to banks to "out innovate" their own products before someone else does. A certain type of workforce is required to achieve this. https://lnkd.in/eJw3SQHQ

VuNet Systems raises Rs 60 Cr in Series B round: Business journey observability provider VuNet Systems has raised Rs 60 crore (around $6.94 million) in a Series B funding round led by Pravega Ventures. The round also saw participation from Kotak Securities and existing investors such as Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds. VuNet had previously raised $7.03 million from its existing investors. The proceeds will be utilized for global expansion, accelerating its growth in India, improving the product stack, and enhancing sales and marketing, VuNet Systems said in a press release. Co-founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet helps financial institutions monitor and optimize their information technology operations and customer journeys. The company provides deep observability into business journeys to reduce failures and enhance the overall customer experience. According to the Bengaluru-based company, it enables users to manage software operations using application observability, infrastructure observability, log analytics, and business observability. Its offerings include bill payment observability, banking observability, credit card onboarding, trading systems observability, and more. VuNet Systems provides real-time insights by analyzing data from various systems, enabling enterprises to streamline critical processes like digital transactions and deliver end-to-end visibility across complex IT ecosystems, enhancing both operational performance and customer experience. VuNet intends to expand globally and introduce a new category of business journey observability by integrating advanced AI, including GenAI, across all workflows on its platform.   #VuNetSystems #Funding #SeriesB

🌍 Climate fintech is gaining momentum, with European startups leading the charge. https://lnkd.in/eCZPr-tt Innovations in carbon markets and energy management are attracting significant investment. For tech founders, this represents a golden opportunity to develop solutions that contribute to sustainability while driving financial growth. #ClimateFintech #Sustainability #GreenTech #Innovation #Startups https://lnkd.in/eCZPr-tt

ZenStatement, a financial analytics and cash flow management platform, raised $1.62 million in a funding round led by 3one4 Capital and BoldCap VC, with support from Dynamis Ventures and Atrium Angels. The company aims to expand its product offerings and strengthen its sales and marketing presence in India and global markets using the funds. Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement is an AI-driven tool that helps businesses monitor, optimize, reconcile, and predict cash flows while offering financial insights via AI-driven natural language queries. ZenStatement, founded in 2023 by Sourabh Nolkha and Ankit N., is an AI-powered financial analytics and cash flow management solution designed for enterprises with high transaction volumes. The platform enables businesses to monitor, optimize, reconcile, and forecast cash flows while providing financial insights through AI-driven natural language queries. With a customer base including unicorns and leading companies in the digital commerce, retail, and fintech sectors, ZenStatement handles approximately 10 million transactions per month. The company recently raised $1.62 million in a funding round led by 3One4 Capital and Boldcap VC, with participation from Dynamis Ventures and Atrium Angels. ZenStatement aims to use these funds to expand its product offerings and build a sales and marketing engine to further penetrate the Indian and international markets. The company's innovative approach to automating finance processes end-to-end helps finance teams be more productive and focused on activities driving greater impact. Factacy.ai Congratulates and wishes them well. #innovation #management #digitalmarketing #technology #creativity #futurism #startups

Sifted launched the 'Sifted 250' - the list of 250 fastest-growing startups over the past three years. Here are the top London-based companies featured: 1️⃣: Allica Bank (FinTech) - business banking for SMEs 2️⃣: Zilch (FinTech) - buy now, pay later services for consumers 3️⃣: Seat Unique (Events) - live ticketing platform for music, sports & festivals 4️⃣: Peppy (Digital Health) - employee health & well-being platform 6️⃣: Yoti (Digital Identity) - B2B and consumer identity solutions 7️⃣: V7 (GenAI/Deep Tech) - turn unstructured data into AI models & workflows 8️⃣: Forest (Mobilty) - creating more affordable e-bike options 9️⃣: Veremark (HR) - background screening & pre-hire checks provider 🔟: Tembo (FinTech) - digital mortgage & savings platform 1️⃣1️⃣: Marshmallow (FinTech) - affordable car insurance 1️⃣2️⃣: PolyAI (AI): conversational AI assistants for businesses 1️⃣3️⃣: ZOE (Digital Health): personalised nutrition to drive healthier lifestyles 1️⃣4️⃣: YuLife (FinTech): life insurance & wellness platform ...this is only what I found in the top 50. So many more to feature! If anything, this shows that London 🇬🇧 is still one of the best places to build a startup 💫

UAE FinAI Startup Launches MalyGPT, Revolutionizing Personal Finance in MENA Read More: https://lnkd.in/dk7hsmZd Anushree Dixit | Jennefer Lorraine Mendoza | NinGil Talaman | Sehrish Tariq #MalyGPT #AIInFinance #FinancialWellness #MENAInnovation #SmartBudgeting

KredosAI, a trailblazer in leveraging human-centric AI for financial solutions, has successfully closed a significant funding round. The investment was led by StartFast Ventures, with participation from a consortium of notable investors including SaaS Ventures, Stout Street Capital, Okapi Ventures, and Early Light Ventures. This round of funding marks another milestone following a previously successful round led by the Seattle-based SeaChange Fund. The company is at the forefront of transforming how enterprises manage payments through its state-of-the-art AI SaaS platform. KredosAI distinguishes itself by employing strategies rooted in behavioral economics to enhance the customer experience. This innovative approach not only aids in retaining customers but also ensures a superior engagement for those falling behind on payments. The influx of new capital is earmarked for several strategic initiatives. KredosAI plans to accelerate product development, expand its team, and pursue global expansion. This investment reflects confidence in KredosAI’s mission to improve payment behaviors and customer retention rates through its proprietary AI model. KredosAI’s unique AI model is capable of learning from actual customer payment behaviors, allowing the platform to rapidly test …

NICHE STATS Industry -  Financial Services Sector Type : Robo-advisory Software Niche definition - Provide a solution to automate portfolio management for long-term investments. The problem -  Many users are plagued by manual processes and disconnected legacy technology. The manual process of portfolio management limits opportunities in unlocking cost savings and increases operational risk. The solution -  Build robo - advisory tools that will automate the manual process of managing investment portfolios and provide financial planning services. Use case : Robo - advisor can enable users to manage their investments, optimise their asset allocations, and achieve their financial goals with ease. Niche to mainstream  -  Compounding the challenging combination of market volatility and the huge amount of data collection behind equities research - using a manual process leads to efficiency bottlenecks that brings the worry of being overloaded or making mistakes. Automating data collecting and evaluation is a huge help. Niche Expected Results - Democratize investment, improve operational efficiency, gain a competitive advantage and make informed, real-time decisions. The Pain point - Evaluating data from a myriad of information, from financials to industry outlook to predict future company performance and share prices in making investment recommendations are a huge burden and time consuming task. Niche size  : USD$10.09 Billion Total number of startups (Globally) - Seed Stage - + 874 startups Early stage -  282 startups Top growth stage - 57 startups Large players - 29 companies Unicorns - 4 Stealth - +300 startups Acquisitions - 60+ Total funding raised by all the startups - US$6.78B raised by 282 startups The global number of individual clients : 35 million Clients growth rate : 50% per year Assets Under Management - US$500 Billion Demand for solution -  growing at 30.5% Niche Driver : Technology Innovation in AI Fast growth market : Asia Pacific and Middle East. Niche strength - 90% Velocity to Scale : 200X² Survival matrix: 95% Investors Appetite: Strong Startup Funding Amount raised - US$18 million funding round. Purpose: To further enhance its platform, expand its suite of financial products, and accelerate its market penetration across the investment solution value-chain. #niche #statistics #robo #advisors #startups #funding #vc

€25M, to build the AI finance platform to rule them all. When we first partnered with Pauline and Joseph, we knew there were a ton of other FinTech SaaS startups that focus on individual pain points felt by CFOs and their teams. Some of these companies try to improve accounts payable or procurement. Others tackle cash management or try to modernize the payment stack. Payflows stands apart by offering this and more as modules within an automated platform bigger than the sum of its parts. Each module can be purchased and deployed independently, but the offering becomes much more powerful when all the pieces of the puzzle are combined.   We initially co-led Pauline's and Joseph's €5M Seed round with Ribbit Capital The resulting product turned out to be an immediate hit that they never announced the round. Fast forward one year. Customers include both public enterprise companies as well as growth-stage tech companies like Ornikar, Spendesk, and portfolio companies Swile and Podimo. Today, Balderton Capital joins in a combined €25M funding round. Welcome! In the comments, Jonathan and Nelson Casata go in-depth on why we partnered up with Pauline and Joseph from Day 0. (Photo by Samuel Sotto)

AI in Fintech: The CFO’s Secret Weapon for 2024 Artificial intelligence is no longer just a buzzword - it’s transforming fintech into a powerhouse of efficiency and innovation. Business Insider highlights 15 AI-driven fintech startups shaping the industry in 2024. From personalized financial services to automating complex operations, these trailblazers are redefining the game. Why this matters for finance leaders and entrepreneurs: AI-powered solutions offer CFOs, finance managers, and entrepreneurs a competitive edge—whether it’s enhancing financial visibility, automating mundane tasks, or making real-time strategic decisions. Think of it as the bridge between operational efficiency and bold growth strategies. If you’re not already exploring AI-driven fintech tools, you could be leaving money—and opportunities—on the table. Evaluate your current systems and identify areas where AI could add measurable value, such as in forecasting, cost optimization, or compliance. 💬 Your turn: What’s your biggest challenge in adopting fintech innovations? Let’s share ideas and strategies to make 2024 a breakthrough year. #DigitalTransformation #BusinessGrowth #FutureOfFinance Link: https://lnkd.in/e4PTr7J7