Finexos secures £690k Seed investment to accelerate commercial strategy
The oversubscribed round was led by Growth Capital Ventures with participation from SyndicateRoom and existing backers.
Finexos provides a cloud-based credit and affordability risk analytics platform that enhances credit decisioning for lenders. The company utilises advanced data science and behavioural analytics to improve accuracy for financial institutions.
Finexos has secured a £690k Seed round to accelerate its commercial rollout. Growth Capital Ventures led the oversubscribed financing, with additional backing from SyndicateRoom and existing angel and venture capital investors.
The capital injection will support the business as it scales its credit and affordability risk analytics platform. Finexos applies behavioural analytics and machine learning to help lenders evaluate borrower creditworthiness more accurately.
The funding arrives following recent commercial traction, including a partnership with NayaOne and acceptance into the FCA Digital Sandbox. The company aims to help financial institutions reduce risk while expanding access to credit for consumers and small businesses.
From the founder
"We are thrilled to continue receiving the backing of such seasoned investors. This marks a significant milestone for Finexos and is testament to the dedication of our entire team in propelling the company to this pivotal stage. We greatly look forward to strengthening existing partnerships and forging new connections as we work to empower financial institutions to make more informed credit decisions and drive improved outcomes for both lenders and borrowers."
Darren Smith
CEO at Finexos
Use of funds
- 01Accelerate go-to-market
