What is Flowcast?
Flowcast is a technology firm specializing in AI-powered solutions designed to enhance credit decision-making processes for financial institutions. Leveraging patented machine learning algorithms, Flowcast develops predictive models that accurately assess financial risk, thereby facilitating access to credit for businesses across a spectrum of risk profiles. The company's platform offers an API-based solution for rapid deployment of credit risk models, eliminating the need for extensive coding. Flowcast places a strong emphasis on the explainability and accuracy of its results, ensuring that clients receive reliable and auditable outcomes for real-world applications.
How much funding has Flowcast raised?
Flowcast has raised a total of $6M across 2 funding rounds:
Series A
$3M
Private Equity
$3M
Series A (2019): $3M with participation from ING Ventures, Alpana Ventures, Katalyst Ventures, and BitRock Capital
Private Equity (2021): $3M led by ING Groep N.V
Key Investors in Flowcast
Katalyst Ventures
Katalyst Ventures is an early-stage venture fund that invests in promising technology companies focused on artificial intelligence (A.I.) solutions for enterprise applications in legacy industries. They invest in entrepreneurs with strong character, ingenuity, grit, and devotion, aiming to build long-lasting companies with global impact.
ING Ventures
ING Ventures is an investment arm focused on identifying and backing innovative companies that align with ING's strategic objectives in the financial technology sector.
Alpana Ventures
Alpana Ventures is an investment firm that supports early-stage technology companies, likely focusing on disruptive solutions within the enterprise and financial technology spaces.
What's next for Flowcast?
The recent major strategic investment signifies a critical growth phase for Flowcast, likely enabling the company to scale its operations, expand its market reach, and further develop its AI-driven credit assessment technologies. This capital infusion is expected to bolster its position in the competitive fintech landscape, allowing for deeper integration with financial institutions and potentially exploring new verticals within financial risk management.
See full Flowcast company page
