What is Skeps?
Founded in 2018 and headquartered in New York with offices in India, Skeps operates a sophisticated cloud-based modular platform. It empowers merchants and lenders by leveraging private blockchain technology to securely and compliantly combine information across multiple platforms. This enables the identification of credit solutions with the highest likelihood of conversion for their clientele. The company's approach aims to streamline the credit assessment process through secure data aggregation and analysis.
How much funding has Skeps raised?
Skeps has raised a total of $10.5M across 2 funding rounds:
Angel/Seed
$1M
Series A
$9.5M
Angel/Seed (2019): $1M with participation from Accel
Series A (2021): $9.5M led by Accel and Bertelsmann India Investments
Key Investors in Skeps
Bertelsmann India Investments
Bertelsmann India Investments (BII) is a venture capital fund focused on early growth-stage tech startups across various sectors including healthtech, fintech, agritech, and edtech. With over $800 million in assets under management, BII invests between $5 million to $15 million in Series A to C funding rounds, supporting innovative companies like Emeritus, Licious, and Shiprocket. The firm emphasizes long-term partnerships and collaboration with leading VCs to empower entrepreneurs and help them scale their businesses. As the strategic investment arm of Bertelsmann SE & Co. KGaA in India, BII combines global reach with local insights to drive innovation and growth.
Accel
Accel is a prominent venture capital firm known for its early-stage investments in technology companies. They have a history of backing successful startups and providing strategic guidance to help them scale. Their investment in Skeps indicates a belief in the company's innovative approach to credit solutions and its potential for significant market impact.
Undisclosed investor
An undisclosed investor participated in Skeps' funding round, suggesting a strategic interest in the company's technology and market position. This backing highlights the confidence in Skeps' business model and future growth prospects within the fintech landscape.
What's next for Skeps?
With its recent major strategic investment, Skeps is poised for significant scaling and technological advancement. The company's focus on deploying private blockchain for enhanced data security and conversion optimization suggests a strategic push into enterprise-level solutions. Future developments are likely to involve expanding its merchant and lender network, enhancing its AI-driven credit assessment capabilities, and potentially exploring new verticals within the financial services industry. This funding will be critical in solidifying Skeps' position as a leader in innovative credit technology.
See full Skeps company page
