FinTech startup Quantexa Limited has raised a $3.3m Series A round led by Albion Ventures and HSBC.
Founded in March 2016, the London-based company uses big data analytics to tackle complex financial crime.
The funds will be used to continue developing Quantexa‘s software and to support its international expansion, with new offices opening in Brussels, Sydney and New York throughout this year.
Vishal Marria, the CEO, commented on the raise: “At Quantexa we feel we have built the next generation of Entity Resolution and Network Analytics software to support our clients in dynamically building a truly 360-degree view of their clients and their network relationships.
“Our aim is to become the global leader in Entity Resolution and Network Analytics and are delighted to have successfully completed this round of investment with HSBC and Albion Ventures. We look forward to working closely with our new investors in making this aim a reality by supporting our clients and partners,” Marria added.
Ed Lascelles, partner at Albion Ventures, commented on the firm’s decision to invest in the startup, while noting that it was particularly focused on data analytics.
“What sets Quantexa apart is the team’s unrivaled domain expertise coupled with their cutting edge technical capability. They have a huge opportunity to build an industry-leading business and we look forward to supporting them on their journey,” concluded Lascelles.