# Sikoia

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.sikoia.com
- Total disclosed funding: $6.2M
- Latest round: Seed (Dec 6, 2022)
- Investors on record: 3

## About

Sikoia Ltd., based in London, UK, specializes in automated customer verification checks, delivering innovative solutions that enhance operational efficiency for financial services.Founded in 2021 in London, UK, Sikoia Ltd. provides automated verification services to streamline onboarding processes for financial institutions. The company is co-founded by Alastair Bulger, Alexis Rog, and Stephen Simmons, with Alexis Rog currently serving as CEO. In December 2022, Sikoia raised GBP 5.00 million in Seed funding led by MassMutual Ventures, with participation from Earlybird Venture Capital and Seedcamp, marking a significant step in their funding journey. The total amount raised by Sikoia amounts to GBP 5.00 million, and its current valuation stands at GBP 21.36 million.Sikoia specializes in automated customer verification checks, offering financial services a suite of products for income verification, affordability assessments, and document automation. Their platform integrates data from various sources, including open banking and public registries, enabling clients to make accurate, auditable verification outcomes while minimizing operational costs. Sikoia caters to a diverse range of clients such as financial institutions, mortgage brokers, and loan providers across the United Kingdom, Europe, and beyond, addressing challenges traditionally faced in document-heavy verification processes.Sikoia's revenue is primarily generated through subscription models, allowing financial institutions and service providers access to their verification services. Tailored solutions for income and employment verification are among the key offerings of the platform. The company primarily engages in B2B transactions, with partnerships and direct service agreements being the foundation of client relationships. Specific pricing details are proprietary, and Sikoia operates as a regulated entity under the Financial Conduct Authority (FCA), ensuring compliance with standards in the financial services sector.Following their most recent funding round in December 2022, Sikoia plans to utilize the GBP 5.00 million raised to accelerate its international expansion efforts. The company is focused on launching new products designed to enhance its verification capabilities, with specific release dates not yet disclosed. Targeting new geographic markets for expansion will be part of their strategy, although specific regions have not been identified in public disclosures.

## Funding rounds

- Seed, Dec 6, 2022, $6.2M — Earlybird, Seedcamp, MassMutual Ventures

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Seed