Triple Raises £6M Seed Round to Accelerate Growth in Financial Sector
Triple, a leading provider of transaction data enrichment for financial institutions, has successfully raised a £6M ($7.5M) Seed Round led by TX Ventures. The funds will allow Triple to further accelerate its growth and to continue bringing more AI solutions to the financial sector. This is exciting news for the company and its founders, Mario Navarro and Ibai Iturricha. They started working on an automated rewards marketplace on top of transaction data and have now found success in solving the problem of messy data in the financial industry.
Triple's CEO, Mario Navarro, explains that enriched transaction data allows banks to decrease OPEX costs by reducing customer support calls and chargebacks, as well as improving customer engagement.
This is a crucial need for the industry, and Triple's API-first solution has impressed investors like Jens Schleuniger, Managing Partner at TX Ventures. The company already processes billions of transactions and works with more than 20 banks and fintechs globally. Its success in the EMEA market, as well as collaborations with FIS in the US, show the potential for growth and impact in the financial sector.
In addition to TX Ventures, other participants in the Seed Round include Form Ventures, Portfolio Ventures, Neosfer, and Core Angels Barcelona. The round also saw the support of successful entrepreneurs such as Paul Forster (Indeed) and Pedro Tortosa (Devo). With a total amount raised of $10M, Triple is well-positioned to continue its mission of providing accurate and enriched transaction data to financial institutions. This investment will support the company's growth and enable it to bring even more AI-driven solutions to the industry.
They've invested in Triple
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  TX Ventures | 1 investment(s) investment(s) | more info | |||
2 |  Form Ventures | 4 investment(s) investment(s) | more info | |||
3 |  Portfolio Ventures | 16 investment(s) investment(s) | 3 contacts contacts | |||
4 |  Neosfer | 1 investment(s) investment(s) | more info | |||
5 |  Core Angels Barcelona | 1 investment(s) investment(s) | more info |
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