Data analytics startup Quantexa just raised $65 million in a Series C funding round led by Evolution Equity Partners – and backed by HSBC and Accenture.
With hundreds of clients in more than 70 countries, including HSBC and Standard Chartered Bank, Quantexa uses the latest advancements in big data and AI, uncovering hidden risk and opportunities across financial crime, credit risk, and fraud. He added: "You would never buy a house if you only got to look through the letterbox...You'd look around, check out the bathroom, the living room, and so on. And then you'd look at external information: Where are the schools? What's the crime rate like in the area?
"Chemistry is really important to me, and meeting people over Zoom or [Microsoft] Teams is different to a face-to-face meeting. But our existing and new investors doubled down, and we're really pleased with what we've achieved and excited for the future."
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