# LOQR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loqr-s-a

- Industry: Software
- Headquarters: Porto, Portugal
- Website: www.loqr.io
- Total disclosed funding: $11M
- Latest round: Series A (Jun 22, 2021)
- Investors on record: 8

## About

Based in Porto, Portugal, LOQR, S.A. offers innovative digital transformation solutions tailored for financial institutions, focusing on enhancing customer engagement and operational efficiency through their Journey-as-a-Service (JaaS) platform.LOQR, S.A. was founded in 2015 in Porto, Portugal. The company specializes in providing digital solutions for financial processes. Founded by Jorge Da Silva and José Dias, LOQR has raised EUR 8.000 mn in Series A funding co-led by Iberis Capital and Semapa Next, with notable participation from EDP Ventures, Big Start Ventures, and HCapital Partners as of June 22, 2021. The company has completed a total of 7 deals to date, with a focus on its digital transformation offerings.LOQR specializes in providing digital transformation solutions specifically tailored for financial institutions through its primary offering, the Journey-as-a-Service (JaaS) Platform. This platform facilitates the automation of digital processes, enhancing customer engagement and operational efficiency. The key use cases addressed by LOQR include digital onboarding, online access recovery, and customer data updates (pKYC), enabling institutions to streamline complex processes into simple, user-friendly journeys. The company's client base predominantly consists of established banks, with a significant potential user pool exceeding 80 million individuals across various geographical markets, including Europe, North America, and select regions in Asia. By focusing on secure, compliant, and intuitive solutions, LOQR empowers institutions to not only meet regulatory requirements but also to improve customer satisfaction and retention.LOQR generates revenue through a subscription-based model for its digital solutions, allowing financial institutions to leverage its JaaS platform effectively. Clients typically enter into partnerships that grant access to various features of the platform, such as digital onboarding and customer data management, which are designed to enhance user experiences and operational compliance. The structure of transactions involves B2B agreements, where financial institutions pay recurring fees based on the services utilized and the scale of their operations. Specific pricing structures for these services are determined on a case-by-case basis, reflecting the customization and breadth of features offered to each client. The company’s commitment to security and compliance underpins its flagship services, ensuring that clients can confidently deliver digital solutions to their customers while maximizing operational efficiency.In June 2021, LOQR, S.A. raised EUR 8.000 mn in Series A financing to further its mission in the digital transformation of the financial sector. The company plans to utilize the funding to enhance its technology and innovation, while also focusing on the evolution of its platform. Future initiatives include expanding into new markets, particularly targeting regions in Europe and North America, with specific expansion timelines to be finalized as market analysis progresses. LOQR aims to strengthen its international presence while continuing to develop new products to meet evolving client needs.

## Funding rounds

- Series A, Jun 22, 2021, $9.6M — HCapital Partners, Big Start Ventures, Iberis Capital, EDP Ventures, Semapa Next
- Seed, Mar 29, 2018, $1.4M — Banco de Investimento Global, Big Start Ventures, EDP Ventures, REDangels, Betwixt Ventures

## Investors

- Banco de Investimento Global (https://capitalatlas.ai/funds/banco-de-investimento-global) — Seed
- Big Start Ventures — Seed, Series A
- EDP Ventures (https://capitalatlas.ai/funds/edp-ventures) — Seed, Series A
- REDangels (https://capitalatlas.ai/funds/redangels) — Seed
- Betwixt Ventures (https://capitalatlas.ai/funds/betwixt-ventures) — Seed
- HCapital Partners (https://capitalatlas.ai/funds/hcapital-partners) — Series A
- Iberis Capital (https://capitalatlas.ai/funds/iberis-capital) — Series A
- Semapa Next (https://capitalatlas.ai/funds/semapa-next) — Series A