Fintech Israeli startup AccessFintech raised $20 million in an investment round led by Dawn Capital venture fund with the participation of existing investors J.P. Morgan, Citi and Goldman Sachs and Deutsche Bank.
AccessFintech was found in 2015. The main development of the startup is a technology platform for financial institutions that enables to correct errors arising during the exchange of financial information, as well as eliminate "exceptions" from the working process. For example, an exception can be information discrepancy between counterparties on the financial terms of the transaction or incorrectly entered personal data of the client.
The startup has launched five financial products so far, and 11 more new products are in the testing phase.
The impetus for the company's growth was the pandemic. Only this July 350 million transactions were completed on the AccessFintech platform.