Data and analytics company Goals101 has closed a pre-Series A round on $3.5m from Nexus Venture Partners.
Through the transaction, Nexus has become a significant minority stakeholder in the company.
Goals101 is a big data platform which is powered by machine learning and AI technology to deliver insights to banks. Currently, Goals101 has partnerships with 21 banks across Asia.
Its technology can be used to help utilise raw data points and transform the data and improve end-to-end campaigns and insights. Through its Alpha for Banks solution, it hopes to personalise and automate the entire banking journey.
The company has already used the capital from the round, which closed a couple of months back, to support the expansion of its technology and data science capabilities. Funds have also been used to move into new geographies including Malaysia, UAE, Qatar, South Africa and Kenya.
Nexus Venture Partners managing director Sameer Brij Verma said, ?We believe that Goals101 is a technology disrupter redefining next-generation intelligent banking powered by transaction behaviour, location and social intelligence.
?Given the team and technology combination at Goals101, it not surprising that they have already made a mark in six countries with several banks in a matter of only two years. We are excited to partner them as they embark on their next phase of expansion and growth.p>
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