Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million
fintech

London-based Artificial Intelligence startup Cytora has secured £2.4 million in a Series A round led by Parkwalk, and backed by Cambridge Enterprise, iLexIR , and a consortium of angel investors. Founded in 2013 by Andrzej Czapiewski, Aeneas Wiener, Richard Hartley, and Joshua Wallace, the company uses machine learning algorithms to scan the web in real time and detect […]

Babel Systems, a London-based company that has built a platform to aid traders in processing transactions, has been acquired by Los Angeles-based fintech firm InvestCloud for £16.4 million. Babel was founded in 2008 by serial entrepreneur and finance supremo Steve Wise. The platform’s architecture, which is based on the Spring.NET framework, allows Babel to quickly process bonds, funds and assets, and […]

London-based startup Monese, an app that helps immigrants and expats open a bank account abroad, has raised over £8 million in a Series A round. The fintech company’s backers included  Anthemis Exponential Ventures , STE capital, and Korea Investment Partners.Previous investors Smartcap and Seecamp also participated in the round. The round brings the total funding secured by […]

London-based company Expend has launched an investment-raising campaign on Crowdcube as it warms up for a full launch. The nine-employee-strong startup (which is based in the Shack15 co-working space) has created an app that allows businesses to handle company expenses in a much smoother way. Co-founders Johnny Vowles and Rudolph van Graan experienced firsthand the nightmare of […]

London-based fintech startup ABAKA has closed a £520,000 Seed round spearheaded jointly by Anthemis Exponential Ventures and MMI Holdings’ Exponential Ventures. Founded in January 2016, the savings platform helps employees manage their pension plan through their mobile devices. It employs an Artificial Intelligence advisor that harnesses neural networks to provide tailored advice. The fresh round of funding will […]

London-based Finimize, a startup aimed at helping young people make sense of finance, has secured £450,000 in a seed funding round led by Passion Capital. Founded in 2015 by Max Rofagha and Scott Tindle, Finimize started off as a newsletter explaining financial news to millennials in a clear and accessible language. The idea was a discrete success, and […]

Digital investment manager Nutmeg secured £30 million in a funding round led by Hong Kong-based Convoy Global Holding, and including Schroders, Balderton Capital, Pentech Ventures, Armada Investment Group and Nigel Wray. The round is the largest raised in the UK FinTech sector since the Brexit vote in June. Founded in 2012, London-based Nutmeg has so far gathered […]

Aire, a London-based startup using Artificial Intelligence to create credit scores, has raised $2 million (£1.5m) in a new funding round led by White Star Capital. Early-stage VC firms Sunstone Capital and Accion Venture Lab also contributed to the round. The fintech startup was founded in 2014  by  Aneesh Varma, Jon Bundy and Srini Sundaram— with the […]

Subscribe to our newsletter