FinTechFunding

Indico: Raises $22M in Series B Funding

  • Indico, a Boston, MA-based provider of enterprise AI solutions for intelligent process automation, raised $22m in series B funding
  • The round, which brought total capital raised to date to $36m, co-led by Jump Capital and Sandbox Ventures
  • Indico added two new board members, Chris Zock from Sandbox Ventures and Saurabh Sharma from Jump Capital to provide industry knowledge and guidance
  • The company also intends to use the funds to continue to expand operations and its business reach
  • As part of its continued investments in the product and technology, the company plans to double headcount in 2021
  • Indico provides Intelligent Process Automation (IPA) solutions enabling organizations to automate document-based workflows
Previous article
Noema Pharma: Raises CHF54M in Series A Financing
Next article
Perigee: Raises $1.5M in First Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...