# Cignifi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cignifi

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.cignifi.com
- Total disclosed funding: $1.5M
- Latest round: Series B (Sep 4, 2014)
- Investors on record: 2

## About

Cignifi Inc. offers innovative data solutions aimed at improving credit scoring through advanced analytics, targeting underserved markets with alternative data insights.Cignifi Inc. was founded in 2010 and is headquartered in Cambridge, US. The company specializes in providing data-driven insights for credit assessment. Jonathan Hakim serves as both the founder and CEO. Cignifi has engaged in 11 funding rounds, including its most recent round in July 2021, where it raised USD 1.00 mn from investors such as BR Angels Smart Network, Flourish Ventures, Gávea Angels, and LeapFrog Investments. The total amount raised to date is USD 1.00 mn.Cignifi specializes in providing data solutions that facilitate better credit scoring by leveraging alternative data. Its core product offerings include analytics tools that assist financial institutions in assessing creditworthiness through innovative data analysis, aimed particularly at underserved markets.Cignifi operates a revenue model centered on data services and analytics solutions sold to financial institutions. Revenue is generated through contracts with various organizations seeking to improve credit assessments and decision-making processes, reflecting the difference between service fees and operational costs.In July 2021, Cignifi Inc. raised USD 1.00 mn in funding to bolster its team and enhance infrastructure. The company plans to accelerate the development of its Trust Platform and introduce new products targeting the fraud and risk market, utilizing alternative data to improve credit assessments. This funding will support their expansion efforts, focusing on new geographic markets to increase service accessibility.

## Funding rounds

- Series B, Sep 4, 2014 — Omidyar Network, American Express Ventures
- Series A, Nov 15, 2012, $1.5M — Omidyar Network

## Investors

- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A, Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B