UK Fintech Sikoia Raises £6m in Seed Funding Round #

London-based fintech Sikoia has raised £6 million in a seed funding round to expand its platform and support its growing customer base. The funding round was led by VC firm Balderton Capital and includes participation from existing investors, including Anthemis Group and Seedcamp.

Sikoia offers a platform that uses machine learning and artificial intelligence to help banks and financial institutions better understand and manage their regulatory risks. The platform uses data analysis to identify potential risks and presents actionable insights to the customer. The company plans to use the funding to expand the platform’s capabilities and grow its customer base in the UK and beyond.

Background: Sikoia was founded in 2022 by former Goldman Sachs and Barclays employees. Its technology is designed to help customers reduce the cost of compliance and improve the efficiency of risk management processes. With this funding round, the company is well-positioned to continue its growth and become a major player in the UK’s fintech sector.