Owlin Pivots Attracts Funding

June 21, 2019

Financial-tech startup Owlin is bound to be celebrating—TechCrunch announces, “Owlin, the Text and News Analytics Platform for Financial Institutions, Raises $3.5M Series A.” This is especially good news, considering the company lost ground when its original backer went bankrupt; that twist cost the company two founders, we’re told. Now, though, Velocity Capital is leading this round of funding. Writer Steve O’Hear reports:

“The fundraise follows the fintech company’s pivot from a real-time news alert service to a more comprehensive ‘AI-based’ text and news analytics platform to help financial institutions assess risk. … This is seeing Owlin enable 15,000 counter-party risk managers worldwide to track risk events that are not captured by traditional credit risk metrics. ‘We are adding news and unstructured data to their risk monitoring. In the end, our clients don’t just gain insights, they also gain time,’ adds the Owlin CEO.”

Apparently, the platform is unusually successful at augmenting certain types of data, making for more accurate risk models. Regulators love that, we’re reminded. Founded in 2012, Owlin is based in Amsterdam Some of the companies global clients are Deutsche Bank, ING, Fitch Ratings, Adyen, and KPMG.

Cynthia Murrell, June 21, 2019

Written by Stephen E. Arnold · Filed Under AI, Financial, News, Text processing

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.