Triple Raises £6M in Seed Round to Enhance AI-powered Data Enrichment

Triple, a fintech data enrichment services firm based in London, successfully concludes its £6 million seed round to enhance its AI-powered data enrichment offerings. The funding will support the ongoing development of Triple's fintech infrastructure services, addressing challenges in mapping transaction data and ensuring accuracy and security in financial processes.

Originally conceptualized as an automated rewards marketplace, Triple shifted its focus to solving the broader issue of interpreting transaction data for enhanced accuracy. CEO Mario Navarro highlights the company's commitment to assisting banks in accessing improved data, making accuracy and security top priorities in the financial sector.

Founded in 2021, Triple has processed billions of transactions through its transaction enrichment API, collaborating with global banks and fintechs like Pleo, Trade Republic, and Ben. The Seed round, led by TX Ventures, attracted investment from Form Ventures, Portfolio Ventures, Neosfer, Core Angels Barcelona, and notable individuals including Paul Forster of Indeed and Pedro Tortosa of Devo.

Jens Schleuniger, managing partner at TX Ventures, expresses satisfaction with Triple's API-first solution, emphasizing the significance of accurate transaction data enrichment in the financial sector and praising the strong founding team.