25 November 2019:
Tookitaki has raised an additional $11.7 million in Series A funding, taking the total investment in the round to $19.2 million.
The current round was co-led by Viola Fintech and SIG Asia Investment. Nomura Holdings through its venture capital arm Nomura Incubation Investment Limited Partnership and existing investors including Illuminate Financial, Jungle Ventures and SEEDs Capital Pte Ltd, an investment arm of the Singapore government, also participated in the funding round.
As part of funding, Tomer Michaeli of Viola Fintech will join Tookitaki’s board of directors.
The company will use the fresh capital to enhance its product offerings in the anti-money laundering (AML) and reconciliation spaces and drive technological innovation as well as spur recruitment of many more engineers, data scientists and other support talents across its global offices in Singapore, India, and the U.S.
Abhishek Chatterjee, Founder & CEO, Tookitaki, said, “As a team, we are committed to take up challenges on the road ahead with a positive mindset and convert them into great opportunities. We will continue to focus on enriching our data science platform with more unique capabilities and prepare for the next phase of value creation for customers.”
Abhishek Chatterjee, added, “Reflecting on our journey so far, it gives me immense satisfaction as a leader to witness each phase of Tookitaki’s growth and I feel proud of everything we’ve achieved. Having formed Tookitaki five years ago with Jeeta Bandopadhyay, I met with many talented people, without their help reaching this inflection point would not have been possible.”
(Image – Tookitaki)