Image Credits: TERADAT SANTIVIVUT / Getty Images “Digital transformation” and AI remain very buzzy terms in the world of enterprise software, and today a startup out of Romania that’s built a platform that taps into both concepts, and is seeing user traction in the financial sector, has raised a decent round of funding. FlowX.ai — which lets enterprises port legacy and newer software into a single place to build and run applications and services based around them — has raised $35 million, a Series A that it will be using to continue developing its product and growing its business internationally. Dawn Capital led the round with PortfoLion, SeedBlink, and DayOne Capital — which previously backed the company in a $9 million seed round — also participating. FlowX.ai today primarily works with enterprises in the financial sector — customers include BNP Paribas, OTP, Banca Transilvania, and Alpha Bank — and leans heavily on third parties like systems integrators (IBM, KPMG, etc.) to connect with would-be users. Its sweet spot is helping these big legacy players launch new services faster that can be used internally, or alternatively externally to compete with the new products that so-called neobanks and other new players […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
