About a-team Marketing Services

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


Recorded Webinar: New solutions to the old problems of compliance with communications surveillance regulation

Communications surveillance is an integral element of trading at financial institutions, and its functions are clearly set out in jurisdictional regulations – to capture, record and retain all communications. Essentially, all business related communications must be recorded whatever the underlying mechanism – be it a work phone, personal mobile phone, text, video and so on...


RegCentric Wins A-Team Group Award for Best Regulatory Consultancy in APAC

Sydney, Australia-based RegCentric has won the award for Best Regulatory Consultancy in A-Team Group’s first live RegTech Insight Awards – APAC 2022. The awards celebrate leading providers of regulatory solutions, services and consultancy to capital markets participants across Asia-Pacific. The winners are named after A-Team Group’s RegTech Insight community votes for its favourite providers in...


ESG Data & Tech Briefing APAC

Join us in one of the greenest cities in the world as we bring together thought leading ESG specialists to explore how financial institutions are adapting to the evolving ESG regulatory and market infrastructure.


Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...