4 years ago

Ntropy Secures $3.2 Million Seed Funding to Democratize Financial Data

  • Ntropy, a London and San Francisco-based company focused on data analysis for financial transactions, has raised $3.2 million in seed funding led by QED Investors with participation from January Ventures

  • The funds will be used to hire talent, support market growth, and develop new products

  • Ntropy's API converts raw data into structured information, enabling businesses to understand financial transactions better

  • The company serves customers in North America, including neo-banks, financial SaaS providers, and marketplaces.

      • ProblemFinancial Services

      "Ntropy aims to remove data barriers in understanding financial transactions by providing an API that converts raw data into contextualized and structured information, which can be easily understood by both humans and machines."

      Solution

      "Ntropy's API takes raw transactions from various platforms and extracts merchant information, labeling it to make the data more accessible and usable for businesses."

      Covered on