NovitasFTCL advised AI secured-lending automation platform Digilytics on its Series A fundraise
Digilytics is a London-based software business providing AI-powered data analytics solutions for the financial services sector.
Its flagship platform, Digilytics™ RevEl, helps lenders accelerate and simplify mortgage and loan processing by enabling intelligent document understanding and workflow automation. The platform uses machine learning and large language models to read and extract data from key documents such as payslips, bank statements and utility bills, ensuring both consistency and completeness. It then evaluates the application against eligibility criteria and affordability metrics, while also screening for potential fraud. Digilytics helps lenders to reduce costs and error rates, whilst improving the response time for applicants.
The funding is being used to invest in product development and to accelerate expansion in the US where there is an identified market opportunity.
“This investment marks a significant milestone for Digilytics AI. With Mavens backing, we are well positioned to accelerate our sales and marketing initiatives, advance our product development, and strengthen our expansion in the US market.” – Arindom Basu, CEO and founder
Formed in 2009 following a management buyout of the private equity business of Aberdeen Asset Management, Maven Capital Partners has a team of over 120 executives across 13 UK offices and has invested over £970m into almost 600 growth focused businesses. As one of the UK’s leading private equity firms, Maven Capital Partners backs growing businesses across a range of sectors, providing the essential capital and expertise to unlock potential and accelerate growth.
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