A strategic investment and partnership between Macquarie Group and data analytics firm, Quantexa, will boost its AI-enabled network analytics technology.
Founded in 2016, Quantexa uses the latest advancements in big data and AI technology to enable an organisation to analyse the true risk or opportunity of a customer. It can be used to prevent money laundering, credit risk and detect fraud.
Quantexa’s chief executive officer, Vishal Marria said, “Macquarie’s expertise and appetite for innovation will help us to continue to support organisations in making better informed decisions.”
Headquartered in London, Quantexa has experienced rapid growth with offices in Sydney, New York, Boston, Toronto and Brussels.
Macquarie Group’s head of strategic client solutions, cash equities, Miki Edelman said, “Quantexa is at the forefront of helping to innovate how multi-national businesses solve their most pressing challenges, related to risk and entity resolution.”
The investment follows a Series B funding raise in which Quantexa raised $20 million in July from Albion Capital, HSBC and Dawn Ventures.