Taktile closes seed financing round

The money for the fintech comes primarily from abroad: Taktile has raised 4.7 million US dollars from investors such as Index Ventures, Firstminute Capital and Plug and Play.

The Taktile team was actually supposed to fly to Silicon Valley last year to take part in the launch of the Y Combinator accelerator program in person. The coronavirus pandemic prevented it. They took the flights later and developed their Taktile idea within the Y Combinator anyway. The Berlin-based company has now raised 4.7 million US dollars in its seed financing round. The round is led by Index Ventures from London and also includes Firstminute Capital, Plug and Play and eight business angels who have founded platforms such as Uipath, Datadog and Github.

Taktile intends to use the money to expand its team of currently 15 employees and further develop its product with the new staff. Founded in September 2020 by Maik Taro Wehmeyer and Maximilian Eber, the fintech offers its customers a machine learning product that is integrated into the cloud environment or as a SaaS application. This enables banks and insurers, for example, to manage their data and associated algorithms and use them in their offering.

The product also convinces investors, as Index Ventures partner Carlos Gonzalez-Cadenas explains: "If we want to benefit from machine learning, tools must be understandable and accessible for all stakeholders within organizations. Max and Maik are using their years of industry knowledge to develop the best delivery platform for the financial services industry by building data science teams, and we couldn't be more excited to support them."

Customers pay per month to use Taktile, with prices varying depending on the number of integrated algorithms. In Europe, Taktile is primarily focused on the DACH region, as founder Wehmeyer told start-up scene to Gründerszene. In Germany, for example, NRW-Bank is one of Taktile's users. In the USA, customers of the fintech include Neobank Branch and Google Cloud.