AI-driven fintech set to expand team after securing £2.5m investment

An AI-driven software as a service (SaaS) business has secured multi-million pound investment to propel its expansion.

London-based fintech FeedStock has raised £2.5m in a funding round led by Praetura Ventures.

Founded in 2015 and is run by co-founders and joint managing directors Charlie Henderson and Lucas Wurfbain, FeedStock

Based in Covent Garden, the business operates across multiple jurisdictions with clients in the UK, Europe and the US.

The firm intends to use the funding to accelerate the rollout of its products, expand the size of its team and extend into new markets.

As part of the deal, Mark Lyons, director at Praetura Ventures, will join the FeedStock board as a non-executive director.

FeedStock co-founder Charlie Henderson commented: “Financial services firms recognise that investing in their compliance and technology is key to winning and retaining the trust of customers and investors. These businesses also understand the importance of analysing data to power smarter decisions ahead of their competitors.

“It’s clear to us that the team at Praetura Ventures understand the opportunities and challenges in our sector, and also understand the potential of where we can take the business.

“Their entrepreneurial and proactive approach resonates with our values and they will help us to successfully deliver our growth strategy. We are looking forward to working with them closely.”

Mark Lyons, director at Praetura Ventures, added: “Our support for FeedStock fits well with our strategy of investing in exciting businesses led by entrepreneurial management teams with experience in high-value sectors.

“We’ve been hugely impressed with the experience and vision of Charlie and Lucas and are confident that with our support, the business will deliver on its ambitious growth targets. They have developed a world-class product with significant momentum, and we are very excited about what the future holds for the business.”

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