Taktile closes seed financing round

The money for the fintech comes mainly from abroad: Taktile collects 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 attend the launch of the Y Combinator accelerator program in person. The Corona pandemic prevented it. They took the flights later and developed their idea of Taktile anyway within Y Combinator. Now the Berliners are raising $4.7 million in their seed funding round. Leading the round is London-based Index Ventures, with Firstminute Capital, Plug and Play and eight business angels who founded platforms including Uipath, Datadog and Github.

Taktile plans to use the money to expand its team of currently 15 employees and also use the new staff to further develop its product. The fintech, which was only founded in September 2020 by Maik Taro Wehmeyer and Maximilian Eber, 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 offerings.

The product also convinces investors, as Index Ventures partner Carlos Gonzalez-Cadenas explains: "If we want to reap benefits from machine learning, tools need to be understandable and accessible to all stakeholders within organizations. Max and Maik are leveraging 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 algorithms integrated. In Europe, Taktile is primarily focused on the DACH region, as founder Wehmeyer told Founderscene states. In Germany, for example, NRW-Bank is one of Taktile's users. In the US, Neobank Branch and Google Cloud are among the fintech's customers.