Pre-Seed31 August 2021

Sikoia secures £1.7m pre-seed funding led by Earlybird to accelerate product development.

Earlybird led the pre-seed round for the financial data platform, with backing from Seedcamp and industry angels.

£1.7MPre-Seed

Sikoia operates a unified data platform that centralises financial and identity records to streamline customer onboarding, verification, and risk evaluation. The London-based business serves regulated institutions and financial firms seeking to automate compliance checks.

London-based financial data platform Sikoia has secured £1.7m in a pre-seed funding round led by Earlybird. The investment also drew participation from Seedcamp alongside several prominent technology executives, including Raffael Johnen, Fabian Weseman, and Charlie Delingpole.

The capital will be directed towards accelerating product development and expanding platform functionality ahead of a planned public launch later in the year. Sikoia consolidates fragmented third-party data and application programming interfaces into a single interface to assist lenders and financial services firms with credit evaluations and compliance.

From the founder

"Thousands of APIs are opening siloed data sources globally at a rapid pace, but the explosion in the number of touchpoints has created significant complexity; and it’s increasingly difficult to integrate this dynamic ecosystem in existing back-end systems and processes. We couldn’t find a comprehensive solution that didn’t require complex manual configuration and lengthy integration. So we decided to build it."

Alexis Rog

CEO at Sikoia

Investor perspective

"We strongly believe that Sikoia will solve the immense pain point of the financial industry to cope with an increasing number of data sources. Data silos, multiple data formats, and poor data quality lead to highly inefficient processes today. We are excited to join forces with the stellar founding team at Sikoia, building a unified data platform to address those issues."