• Global venture capital firm MassMutual Ventures (MMV) leads the round, with participation from  Coalition Capital and existing investors Earlybird and Seedcamp doubling-down 
• Sikoia is also backed by business angels from leading Fintech companies, including Naspers, Tide,  Moss, WorldRemit, Wefox, ComplyAdvantage and Auxmoney 
• Sikoia is a Unified Data Platform (UDP) that simplifies the process of onboarding and evaluating  counterparties by aggregating information from a multitude of private and public data sources 

London, 16 February 2023: London-based Fintech Sikoia has successfully raised $6m in seed funding,  bringing its total capital raised to over $8.3m, including a pre-seed round from the previous year. This  milestone caps an exceptional year for Sikoia, which saw the company grow its international client list,  make key senior hires, and generate strong momentum across credit and lending, payments, and  international e-commerce. 

Sikoia is a category-defining Unified Data Platform (UDP) that centralises client financial and identity  data to simplify onboarding and verification, monitoring, and risk evaluation. It is accessible through  the Sikoia portal, an intuitive 360° Customer dashboard and decisioning tool for risk and compliance  teams, or a comprehensive suite of APIs for developers. Sikoia’s UDP 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. Their customers can choose  to use their existing providers or expand their capabilities with ready-to-go, turnkey agreements. 

Regulated businesses and financial institutions in particular have to manually collect, validate, and  verify customer information across siloed sources. This can be time-consuming, costly, and prone to  errors – often leading to delays in onboarding new customers and increasing the risk of fraud. 

“Besides assessing consumers applying for financial products, many Sikoia customers also onboard  and verify international business clients,” said Alexis Rog, Sikoia’s CEO. “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.” 

The round was led by MassMutual Ventures, a global venture capital firm with over $1bn AUM, with  participation from Coalition Capital and existing investors Earlybird and Seedcamp following-on. Ryan  Collins, MMV managing partner, said:

“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. “ 

“Last year has been an exciting and transformative year for us. We scaled up the team, expanded our  platform capabilities, and supported our ever-growing list of customers and marketplace partners. We’re excited to continue delivering on our ambitious targets for 2023 and beyond,” said Sikoia CEO,  Alexis Rog. “This capital will help Sikoia accelerate our international expansion, deliver further data  coverage and workflow automation, and develop unique technology to help our clients deliver  exceptional client experiences.”

For further information and to see Sikoia’s latest data integrations, API and workflow templates: visit  sikoia.com or book a demo here. 

About Sikoia: 

Sikoia is a category-defining Unified Data Platform (UDP) and orchestration layer that enriches and  aggregates customer data from disparate sources and systems to automate compliance and risk  processes, such as customer onboarding and verification, or portfolio monitoring. Client engagement  and risk operations teams use the Sikoia Portal to access a fully-enriched, 360° view of the customer,  and power operational efficiencies, delivering faster decisioning and powering best-in-class customer  experiences.  

For more information, visit www.sikoia.com  

About MassMutual Ventures: 

MassMutual Ventures (MMV) is a multistage global venture capital firm investing in financial  technology, enterprise SaaS, digital health, climate technology and cybersecurity companies. With  teams based in Boston, Singapore, and London, MMV manages over $1 billion in investment capital  across the globe. We help accelerate the growth of the companies we partner with by providing  capital, connections and advice. With our deep expertise and extensive Fortune 500 network, MMV  helps entrepreneurs build compelling and scalable companies of value. 

For more information, visit www.massmutualventures.com. 

About Earlybird: 

Earlybird Venture Capital focuses on European technology companies. Founded in 1997, Earlybird  identifies and backs exceptional early-stage companies on a pan-European basis and supports them  through their growth and development phases – providing financial resources, strategic support,  plus access to an international network and capital markets. Earlybird invests out of a family of  independently-managed funds. Flagship funds with early-stage focus include Digital West (Western  Europe), Digital East (Emerging Europe), and Health. Newer funds Earlybird-X (pre-seed in Western  Europe & university spinoffs) and Growth Opportunities (a pan-Earlybird growth fund) offer even  more agility. With €2 billion under management across all fund streams, 8 IPOs, and 31 trade sales,  Earlybird is one of Europe’s most established and active venture capital firms. 

For further information: www.earlybird.com 

About Seedcamp: 

Seedcamp is Europe’s seed fund, identifying and investing early in world-class founders attacking  large, global markets and solving real problems using technology. The Seedcamp Nation includes  over 450 startups building breakout businesses that change the way people live, interact, and  consume and includes publicly listed UiPath, Wise, and unicorns Revolut, Hopin, Sorare, Pleo, wefox,  Grover and viz.ai, along with fast-growing businesses such as Ramp, THIS, Maze and Synthesia.  Seedcamp fast-tracks a founder’s vision and creates value through immediate access to smart  capital, a lifelong community of support, and a global network built upon more than a decade’s  experience backing exceptional talent. 

For further information: www.seedcamp.com