German automated decisions platform Taktile has closed a US$20 million Series A funding round with investments from Index Ventures and Tiger Global.
Taktile allows companies to build automated flows for decisions — like which customer to lend to or what price to offer a new customer — using its low code platform.
The company says that it has quadrupled its client base since lockdown restrictions were lifted, grown revenues by 300% in the past year, and that it currently processes 250,000 decisions every day.
The funding will be used to further develop its platform, including for broader applications that go beyond the financial industry, and accelerate ongoing expansion in the United States.
Founded in 2020 with offices in New York and Berlin, the Y Combinator-backed company’s advisory board includes Mulesoft founder Ross Mason, Ui Path founder Daniel Dines, and Datadog founder Olivier Pomel.
“By allowing businesses to adjust their decision flows in a quick, easy and data-driven way, we help them optimise decision accuracy, reduce risk, and significantly improve their margins,”
said Maik Taro Wehmeyer, Co-Founder and CEO of Taktile.
“Taktile’s platform fills a gaping hole in the fintech stack by unblocking risk teams, enabling them to quickly build, test and evolve their risk models and rules without a heavy dependence on engineering,”
said Carlos Gonzalez-Cadenas, Partner at Index Ventures.