Taktile, a fast-growing SaaS startup that is revolutionizing how businesses make automated choices, announced today that it has secured a $20 Series A financing round. The round, co-led by Index Ventures and Tiger Global.
This funding will assist the company in further developing its unique product capabilities and accelerating ongoing expansion in the United States, where the company has seen rapid growth, increasing its client base by four times since lockdown restrictions were lifted.
Taktile, which was founded in 2020 and is backed by eight unicorn founders, enables businesses of all sizes to easily build, run, and evaluate automated decision flows without the need for developers to write complex code. Businesses use it to decide which customers to lend to or what price to offer to new customers.
The platform enables businesses to bring innovations to market faster, respond more proactively in a continuously changing environment, and reduce guessing for their most important decisions.
Financial services organizations are under increased pressure to enhance their unit economics in an uncertain market environment with rising interest rates. Taktile enables these businesses to rapidly enhance their decision accuracy and risk selection, allowing them to combine rapid expansion with solid portfolio dynamics.
Taktile’s income has increased by more than 300% in the last year, and it now enables more than 250,000 decisions every day. Taktile, which has offices in New York and Berlin and a global team, works with financial services companies all over the world, including some of the most sophisticated FinTechs like Branch, Moss, and Rhino.
Commenting on the round, Carlos Gonzales-Cadenas, Partner at Index Ventures, said: “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. I am excited about the product because better risk decisions have a direct bottom-line impact and lie at the heart of every financial product.”