2 years ago
Sikoia Secures $6 Million in Seed Funding to Expand Counterparty Risk Assessment Platform
Sikoia, a London, UK-based provider of Unified Data Platform (UDP) for counterparty risk assessment, raised $6 million in seed funding
The round was led by US-based MassMutual Ventures, with participation from Coalition Capital, Earlybird and Seedcamp
Sikoia's platform enriches and aggregates financial and identity data to streamline compliance and risk processes, such as customer onboarding and verification, or portfolio monitoring.
ProblemFinancial Services
"Counterparty risk assessment is a complex and time-consuming process for regulated companies, fintechs, and financial services providers. It involves gathering, analyzing, and verifying data from multiple sources, which can be inefficient and error-prone. "
Solution
"Sikoia's Unified Data Platform (UDP) simplifies and automates counterparty risk assessment by enriching and aggregating financial and identity data from various sources. It streamlines compliance and risk processes, such as customer onboarding and verification, and portfolio monitoring. The platform offers a vendor-agnostic provider marketplace, a 360° Client Data Portal, and checklist capabilities with integrated data tracking and auditing, enabling faster decision-making, operational efficiencies, and better customer experiences."
