About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Sikoia Secures $6 Million Funding to Accelerate Growth of Client Onboarding Platform

Subscribe to our newsletter

Sikoia, provider of a unified data platform for client onboarding and counterparty evaluation, has secured $6 million in seed funding, bringing total capital raised to over $8.3 million. The London-based company will use the funding to accelerate international expansion, extend the platform’s data coverage and workflow automation, and develop unique technology to help its clients deliver exceptional client experiences.

Acknowledging that regulated businesses and financial institutions in particular have to manually collect, validate, and verify customer information across siloed sources, which can be time-consuming, costly, and prone to error, Alexis Rog, CEO at Sikoia, says: “Besides assessing consumers applying for financial products, many Sikoia customers also onboard and verify international business clients. 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.”

Sikoia’s unified data platform resolves these problems by centralising client financial and identity data to simplify onboarding and verification, monitoring, and risk evaluation. It is accessible through the Sikoia portal or a suite of APIs for developers. The platform includes access to a growing marketplace of international data partners and compliance services, including credit bureaus, public registries, identity verification, fraud screening, and AML screening.

The company’s latest funding round was led by MassMutual Ventures, a global venture capital firm, with participation from Coalition Capital and existing investors Earlybird and Seedcamp. Ryan Collins, partner at MassMutual Ventures, comments: “Sikoia’s platform is set to transform financial institutions’ client management throughout the lifecycle – especially onboarding, underwriting and ongoing monitoring, streamline risk and compliance processes, and measurably improving financial performance.”

Sikoia is also backed by business angels from fintech companies including Naspers, Tide, Moss, WorldRemit, Wefox, ComplyAdvantage, and Auxmoney.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are Your Legacy Voice Recordings a Compliance Time Bomb?

Recent enforcement actions underscore the importance of maintaining accurate, secure and up-to-date voice and electronic communication. For some organisations, legacy voice recording systems are not at or beyond end-of-life, posing significant compliance, operational and financial risks. These outdated systems often fail to meet evolving regulatory expectations around data authenticity, retention, and accessibility. Delaying action increases...

BLOG

A-Team Group Announces Winners of its Prestigious Innovation Awards 2025

The most innovative data and technology solutions for capital markets were recognised today as A-Team Group announced the winners of this year’s A-Team Group Innovation Awards 2025. Now in its fifth year, the prestigious awards recognise the innovative projects created across the vendor and practitioner communities that provide high-value solutions to organisations within capital markets...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...