Aveni raised £11M in a Series A round led by Puma Private Equity, with participation from Lloyds and Nationwide, to enhance its AI solutions for the financial services sector.

Jul 29, 2024•about 1 year ago

Amount Raised

£11 Million

Round Type

series a

EdinburghNatural Language ProcessingFintechMachine LearningArtificial IntelligenceFinancial Services

Investors

Scottish EnterprisePar EquityNationwideLloyds Banking GroupPuma Private Equity

Description

Aveni, an Edinburgh-based AI fintech, has successfully raised £11 million in a significant Series A funding round. The investment aims to bolster its market presence and develop a financial services-specific large language model, FinLLM.

Company Information

Company

Aveni

Location

Edinburgh, Scotland, United Kingdom

About

Ai for a new era of hyper-efficiency in FS Aveni is an award-winning AI FinTech company. Our platform seamlessly merges advanced, industry-specific AI with human expertise for enhanced performance. From automated admin support and quality assurance to performance assessment and Consumer Duty management, our AI assistant has been purpose-built to accelerate FS workflows.

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