Sikoia, a London-based unified data platform designed to simplify customer adaptation and risk assessment, has reported raising $6 million in baseline funding.

Source: Pixabay.com

The funding round was led by MassMutual Ventures. Coalition Capital, Early bird, and Seedcamp also took part in the investment event.

Sikoia is engaged in the centralization of customer financial data and identification data to simplify registration and verification, monitoring, and risk assessment.

The platform is available through the Sikoia portal for risk management and compliance teams or a set of APIs for developers. The technology provides access to the market of international data processing partners and compliance services, including credit bureaus, public registries, identity verification, detection of fraudulent activity, AML verification, and much more.

Alexis Frog, CEO of Sikonia, said that the initial financing provided by several investors will allow the company to intensify activities to strengthen and expand its presence in the international market. These efforts will provide greater data coverage and automation of work processes in the future.

Also in the near future, the company intends to create a unique technology that will allow consumers to get a unique customer experience. There is no specific information about this technology yet.

The company sees its mission as creating a future in which enterprises will operate with the most up-to-date and accurate information about counterparties, increasing confidence in the financial ecosystem and expanding access to underserved communities. The firm in its activity follows the belief that maximizing the capabilities of unified data will make financial services more competitive, customer-oriented, and inclusive.

As we have reported earlier, Vexi Raises $8 Million to Expand Access to Credit in Mexico.