British Tech Star Quandexa in talks to guarantee new funding | Money news Aitrend

British Tech Star Quandexa in talks to guarantee new funding | Money news

 Aitrend

An data analysis company that has become one of the hottest companies in Great Britain is closing on a new financing cycle that should enhance it to billions of dollars.

Sky News learned that Quandexa, which was founded in 2016, is in advanced talks with the Ontario teacher retirement plan (OTPP), one of the greatest retirement funds in the world, to become an important shareholder in the company.

Precise details of the funding injection, including its size and probable assessment after the assessment allocated to Quangexa, were not clear on Sunday evening.

The company ranks among the most precious technological companies in Great Britain and HSBC, British Patient Capital and the investment company Warburg Pincus among its shareholders.

Quangexa specializes in using AI, data and analysis software to help customers fight against fraud and criminal activity of white passes.

He worked with many of the world’s largest banks, but now draws a significant proportion of what it describes as decision -making information from the outside the financial services sector.

The last major financing round of the company took place in 2023, when it was evaluated at $ 1.8 billion.

Last October, he said that he had reached $ 100 million in annual recurring income – an important step.

It is led by Vishal Marria, its managing director, who is also considered an important shareholder.

The OTPP refused to comment, while Quandexa did not respond to several requests sent by e-mail of Sky News.

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