Findea focuses on artificial intelligence with fresh capital

(CONNECT) Findea closed its first financing round at the end of November with more than 3.2 million Swiss francs. As the company, which was founded in Winterthur in 2003, has now announced, 146 investors have participated. This reduces the shareholding of the previous sole shareholder Nexus AG, also based in Winterthur, to 89 percent. According to Findea, this financing marks "a significant step on the way to market leadership in the digital trust business".

The fresh capital is to be invested in efficiency-enhancing artificial intelligence (AI). The company wants to use AI to scale its services in the fiduciary, tax, auditing and payroll accounting markets. "The foundation is stable," Findea's CEO Michele Blasucci is quoted as saying. "AI is not a trend topic for us, but we are making targeted investments in the technology so that our business model will not only survive in the digital and AI era, but will dominate it."

Findea is focusing on three areas: firstly, AI-supported processing of documents and data, so that a large proportion of standard cases will be fully automated in future; secondly, an AI co-pilot that supports specialists with suggestions, analyses and automated drafts; and thirdly, AI is to be used in customer service and digital customer access.

Findea plans to integrate all AI modules into its existing processes over the next twelve months. In the second phase, the focus is on the significant expansion of mandates without a corresponding increase in personnel. In five years, the current turnover is expected to double to a double-digit million figure. ce/mm