DemystData, a New York and Hong Kong-based startup that provides financial institutions with tools to use online, social, and internal data, has closed a Series A funding.
The deal, whose amount was not disclosed, was led by Accion and Arbor Partners Asia.
The company intends to use the capital to grow its team of engineers and data scientists to expand globally.
Founded by Mark Hookey, CEO, DemystData provides a platform that enables financial institutions including large global banks, online lenders, and under-banked service providers to make real-time analysis of both consumer and small business profiles.
The company currently processes millions of transactions for clients in the United States, Asia, and Europe.