Quantexa raises $64.7m in Series C funding
UK-based financial data analytics firm Quantexa has raised $64.7 million in Series C funding.
Quantexa has raised $90 million since 2016
The fintech plans to use the new capital to drive its industry growth and boost technology development.
The Series C follows a $22.7 million Series B round secured in August 2018. Quantex has raised a total of $90 million since its 2016 founding.
Evolution Equity Partners led the round, with major participation from pre-existing backers Dawn Capital, AlbionVC and HSBC. New investors ABN AMRO Ventures also joined this round.
Richard Seewald, found partner at Evolution Equity Partners, will join Quantexa’s board of directors as part of the deal.
With the $64 million in its pocket, Quantexa aims to break into new sectors with its Contextual Decision Intelligence technology.
The fintech claims thousands of users across 70 countries, but is also planning to use its new funding to push into North America, Europe, and Asia-Pacific.
“We are seeing a huge demand for our platform to support multiple applications across our core markets in financial services and within new industry sectors,” says Vishal Marria, CEO and Quantexa.
“This investment will accelerate our product innovation roadmap and enable us to invest further into Europe, North America and Asia Pacific regions, as well as expand into new locations.”
Related: Standard Chartered taps Quantexa to boost AML controls
