Leading UK business intelligence start-up AMPLYFI recently closed a USD 5 million growth round led by QBN Capital. The round included existing private investors and the Development Bank of Wales, and brings the total raised by AMPLYFI to USD 10 million.
This latest investment will fund additional growth and expansion of AMPLYFI’s flagship platform, DataVoyant, across the Financial Services sector.
Currently, large organisations make a majority of their decisions based on traditional structured data purchased from a small pool of established providers. According to market research firm International Data Corporation, the global datasphere has doubled nine times in the past 10 years, and 95% of this data is unstructured.
“DataVoyant connects to any internal or external source and analyses both structured and unstructured data. It enables users to uncover market signals and trends, improve debt management, control risk better, and rapidly identify emerging opportunities. Our technology delivers unprecedented insights, well beyond what traditional providers are capable of” said AMPLYFI founder and CEO, Chris Ganje.
The lead investor, QBN Capital, is a Hong Kong-based VC fund with a focus on European Fintech and Deeptech. It identifies ambitious start-ups that have the potential to expand to Asia and support them post-investment via their prestigious network in the region.