Triple, a Fintech startup situated in London, has raised $7.5 million in its seed round. With the financing, the business hopes to advance the growth of its fintech network offerings.
TX Ventures led Triple’s Seed round, which included participation from Form Ventures, Portfolio Ventures, Neosfer, Core Angels Barcelona, and a number of accomplished businesspeople, such as Paul Forster of Indeed and Pedro Tortosa of Devo, as reported by tech.eu.
Triple’s CEO Mario Navarro said, “After meeting with many banks and fintechs, it was clear that this problem was extended within the financial industry. So we started focusing on solving this and helping banks get access to better data, prioritising accuracy and security.”
Triple is a fintech company offering a powerful platform for enriching transaction data. This platform automates the process of adding additional information to transactions.
“We realised that accurate transaction data enrichment is an important albeit complex problem to solve after talking to a number of financial institutions. Apart from the strong founding team we were particularly impressed by the quality and accuracy of Triple’s API-first solution,” commented TX Ventures managing partner Jens Schleuniger.
By automating this process, Triple saves users time and resources while providing more accurate and actionable data. Their technology has already enriched over 1 billion transactions, offering impressive global coverage of 90%.