Luxembourg’s Fundvis raises €2.12 million to scale its AI-powered fund oversight platform
Luxembourg-based Fundvis, a FundTech company, secured €2.12 million in pre-Seed funding, signaling a strong commitment to AI-driven innovation in the European financial sector. This investment will fuel product development, enhance growth, and expand the company's footprint across Europe. The funding underscores the increasing adoption of AI to transform risk and compliance within financial institutions. The funding round comprised €1.12 million from existing shareholders and €1 million through the Luxembourg Young Innovative Enterprise (YIE) program. Fundvis' AI-powered platform streamlines fund oversight by digitalizing workflows for financial institutions. The platform offers API connectivity with services such as DocuSign, LuxTrust, and CSSF eDesk, automating key processes including onboarding, monitoring, and regulatory reporting. Fundvis' platform centralizes provider data and oversight workflows, allowing regulated financial institutions to strengthen visibility and control. Its client base includes banks, insurance companies, and law firms, showcasing its broad applicability within the financial industry. On the data security front, Fundvis is EU-only hosted with servers in Frankfurt, Brussels, Paris, and Luxembourg, compliant with 22/806 and DORA standards. The company plans to use the capital to support its expansion in Luxembourg and other European markets. The investment will also support the development of Luxembourg-based AI infrastructure for secure vendor and fund oversight, with plans to expand its team across various departments, including AI, technology, marketing, and sales.
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