A Leicester fintech startup has closed its first funding round, which has resulted in a post-money valuation of £4.9m for the company.
Predictiva received funding from seven angel investors from “leading technology and investment firms”.
The startup has also signed a memorandum of understanding with a lead customer.
Founders Ashraf Attia and Maysara Hammouda took part in the very first Leicester Startups Accelerator in 2020, and the pair have recognised this participation as a milestone in their success.
Ashraf said:
“It has been an exciting trip over the past ten month when I decided to go full time on my dream and my own business, Predictiva….This funding round will enable us to accelerate our development roadmap and to welcome new members to Predictiva’s team soon. Stay tuned for some more exciting updates soon.”
Over the past eight months, Predictiva has:
• Developed the MVP of its FinTech product, Investiva, a fully autonomous AI trading platform.
• Won the Regional Award of the Tech Nation Rising Stars competition.
• Developed strategic partnerships with leading technology providers such as Microsoft, Amazon Web Services (AWS), and IBM and leading Universities such as The University of Edinburgh.
• TNW recognized Predictiva as one of the top Data-driven AI startups in Europe.
