4 years ago

Ondato Raises €3.6M Seed Extension, Bringing Total Funding to €5.6M

  • Ondato, a compliance-as-a-service KYC fintech startup based in London and Vilnius, has secured €3.6 million in a seed extension round, bringing its total seed funding to €5.6 million

  • LitCapital led the round, with participation from OTB Ventures and Startup Wise Guys

  • The company plans to use the funds for product development, customer acquisition, and team expansion in Europe and the US ahead of a planned Series A in early 2022.

      • ProblemFinancial Services

      "Financial institutions struggle with cumbersome and outdated compliance processes, leading to inefficiencies and increased costs."

      Solution

      "Ondato offers a comprehensive compliance management platform that streamlines KYC processes, integrates various compliance tools, and automates key tasks, enabling financial institutions to operate more efficiently and cost-effectively."

      Covered on