Sikoia raises $6 million

London-based Sikoia has raised $6 million in seed funding led by MassMutual Ventures, with participation from Coalition Capital, Earlybird, and Seedcamp.

Founded in 2021, the fintech startup offers a unified data platform for financial services companies that simplifies onboarding and verification, monitoring, and risk evaluation. The platform includes access to a growing marketplace of international data partners and compliance services, including credit bureaus, public registries, identity verification, fraud screening, AML screening, and more.

“Besides assessing consumers applying for financial products, many Sikoia customers also onboard and verify international business clients. They need to assess information from multiple public and private data sources, covering the corporate entity itself as well as the directors, shareholders and associated entities. This often results in poor customer experience and unnecessary operational costs.” – Alexis Rog, Sikoia’s CEO.

“Sikoia’s platform is set to transform financial institutions’ client management throughout the lifecycle – especially onboarding, underwriting and ongoing monitoring – streamlining risk and compliance processes, and measurably improving financial performance. Sikoia’s extensive identity and financial data coverage is well-suited to complement and enhance our own business verification efforts. We are delighted to bring Sikoia to the MassMutual Ventures ecosystem.” – Ryan Collins, MMV managing partner.