Triple raises £6m in seed funding led by TX Ventures to expand AI solutions
The seed round was led by TX Ventures with participation from Form Ventures, Portfolio Ventures, Neosfer, and Core Angels Barcelona.
Triple provides transaction data enrichment for financial institutions through an API-first solution. The firm works with banks and fintechs globally to improve data accuracy.
Triple has secured £6m in a seed funding round led by TX Ventures to accelerate its growth and expand its artificial intelligence solutions for the financial sector.
The capital comes as the company processes billions of transactions for more than 20 banks and fintechs across EMEA, APAC, and the Americas, following recent work with FIS in the United States.
Additional backing in the round came from Form Ventures, Portfolio Ventures, Neosfer, Core Angels Barcelona, and angel investors Paul Forster and Pedro Tortosa.
From the founder
"After meeting with many banks and fintechs, it was clear that this problem was extended within the financial industry. So we started focusing on solving this and helping banks get access to better data, prioritising accuracy and security."
Mario Navarro
CEO at Triple
Investor perspective
"We realised that accurate transaction data enrichment is an important albeit complex problem to solve after talking to a number of financial institutions. Apart from the strong founding team we were particularly impressed by the quality and accuracy of Triple’s API-first solution. The team has set a new benchmark and we are all very excited about the use cases that are now possible on top of accurate enriched transaction data"
Jens Schleuniger
Managing Partner, TX Ventures
Use of funds
- 01Continue product development
- 02Fund research and development