Sikoia
Founded 2021 Β· 11 employees on LinkedIn Β· 6 known investors
Sikoia offers an API-first platform that ingests customer application data from documents, open banking, and existing systems, unifying it into a single structured profile and generating audit-ready insights for onboarding and verification. It serves financial institutions by automating manual data checks in the customer onboarding process.
Also known as Sikoia Ltd
Founders & leadership
Sikoia was founded in 2021 by Alexis Rog and Alastair Bulger.
Investors Β· 6
Also in the syndicate Β· 2
Company profile
researched Aug 2026Sikoia operates a customer verification and data platform for financial services providers. It ingests customer application data from documents, open banking connections, factfinds and existing systems, standardises it, and produces structured, audit-ready insights that feed operational and decisioning workflows. Core solutions include AI-powered document processing (extracting insights from bank statements, credit reports, payslips and tax returns), affordability insights based on open banking and bank statements, income and employment verification, document integrity checks at submission, and an all-in-one verification marketplace giving access to multiple data providers through a single platform and contract.
The platform is offered in two access modes: a ready-to-use Customer Evaluation Dashboard for business users, with white-labelled flows, decisioning checklists and case management, and a suite of APIs for developers integrating verification into existing onboarding systems. Data sources accessible through the platform include credit bureaus, company registries, identity verification, fraud and AML screening, and open banking; Sikoia describes itself as an approved reseller of consumer and business credit data from providers including TransUnion and Creditsafe. At the time of its 2023 seed announcement the company positioned itself as a "Unified Data Platform" and orchestration layer covering onboarding, verification, monitoring and risk evaluation for both consumers and international business clients.
Sikoia Ltd is authorised and regulated by the UK Financial Conduct Authority as an Account Information Service Provider under the Payment Services Regulations 2017 (FRN: 942979) and as a credit reference provider (FRN: 942616), and states it is a credit broker and not a lender. The company has also said it was in the final stages of obtaining ISO 27001 certification.
Founding story
Sikoia was founded to build an intelligence layer for financial data, on the premise that around 80% of customer data in financial services is unstructured, buried in documents and scattered across disconnected systems, making review and cross-checking one of the most manual parts of onboarding.
Business model
B2B enterprise SaaS: Sikoia sells platform access to financial institutions, lenders, brokers and other regulated businesses, either as an API integration or via its hosted Customer Evaluation Dashboard, and resells third-party data services (credit bureau, registry, IDV, AML) through a single contract and interface.
Pricing is described as tailored to volume with a minimum monthly commitment.
Traction
Customers cited on company channels include Tandem, One Mortgage System, Mutual Vision, Green Mortgages, Verto, MassMutual, Myos, VertoFX, Paramount Commerce, Channel Capital and Bank of Ceylon (UK). Announced platform partnerships and integrations include Experian, Finova, Fignum, Finclusion, YAVIA and HomeNow. At its February 2023 seed announcement the company reported growth in its international client list, senior hires and momentum across credit and lending, payments and international e-commerce.
Latest developments
Recent announcements include a partnership with Finova, the UK's largest cloud-based mortgage and savings software provider, to embed AI-powered document intelligence for lenders; a partnership with Experian to automate income, employment and document verification; integrations with Fignum, Finclusion, YAVIA and HomeNow; and an expansion into motor finance as lenders seek stronger affordability evidence.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positions itself as an intelligence and orchestration layer for verification data in financial services, consolidating multiple data providers and manual verification steps into one platform; at its seed round it described its Unified Data Platform as category-defining.
Combines document-centric AI extraction with open banking and third-party data in one workflow, delivered both as APIs and as a ready-to-use dashboard; access to a marketplace of international data partners under a single contract, coverage across 20+ countries for business verification, and FCA authorisations as an AISP and credit reference provider.
Technology
API-first platform combining AI-powered document processing models built for specific document types (payslips, tax documents, bank statements, credit reports) with open banking data access, plus data standardisation across bureaus, registries, identity, fraud and AML sources. Decisioning features include smart KYC checklists that update dynamically with new customer data and automated eligibility and suitability assessments. Infrastructure is described as auto-scaling with zone redundancy and regular backups.
Go-to-market
Direct enterprise sales supported by demos and proofs of concept, complemented by embedding the product inside partner platforms β mortgage and lending software providers, CRMs and origination systems that distribute Sikoia's document processing to their own broker and lender bases β and by content marketing (blog, content library, webinars).
Financial services providers and regulated businesses, including mortgage lenders and intermediaries, motor finance lenders and brokers, consumer lenders serving near- and sub-prime customers, tenant referencing and lettings firms, payments companies, and firms onboarding international business clients. Named users include VertoFX, Paramount Commerce, MassMutual, Channel Capital, Mutual Vision (a loan origination platform serving 15+ building societies), One Mortgage System, Green Mortgages, Tandem, Myos and Bank of Ceylon (UK subsidiary).
Geography
Headquartered at 25 Eccleston Place, Victoria, London SW1W 9NF, United Kingdom, with UK-focused lending, mortgage and motor finance customers and business verification data coverage across 20+ countries.
History
The founders launched the startup in 2020. A pre-seed round was raised in 2022, followed by a $6m seed round announced on 16 February 2023 that brought total capital raised to over $8.3m. The company subsequently expanded its product from business and consumer data aggregation into AI-powered document processing and sector-specific verification workflows, and announced an expansion into motor finance.
Risks & controversies
As an FCA-authorised AISP and credit reference provider handling consumer financial data, Sikoia operates under ongoing regulatory and information-security obligations; it stated it was still in the final stages of obtaining ISO 27001 certification. Its addressable market is affected by regulatory change, including FCA decisions on mortgage affordability rules, buy now pay later regulation and a motor finance redress scheme.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 9
by search overlap
Companies competing with Sikoia for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 8
launches, deals, and filingsSikoia announced an expansion into the motor finance sector, offering combined document and open banking affordability and income verification for car finance lenders and brokers.
Experian integrates Sikoia's intelligent document processing technology to support automated income, employment and document verification.
Fignum adopts Sikoia's document processing for mortgage and car finance lenders, reported to cut handling time by over 75% and errors to below 1%.
HomeNow uses Sikoia's automated verification to simplify customer journeys in its rent-to-ownership proposition.
Sikoia's AI-powered document intelligence is integrated into Finova's cloud-based mortgage and savings software platform to reduce manual document checks for lenders.
Finclusion integrates Sikoia to let customers submit information in their preferred format, using AI document intelligence and open banking data to validate income and affordability for lending decisions.
Sikoia's document processing is embedded in YAVIA's customer-facing app ahead of the CRM step for brokers and clients.
London-based Sikoia announced a $6m seed round led by MassMutual Ventures with participation from Coalition Capital and existing investors Earlybird and Seedcamp, bringing total capital raised to over $8.3m including a pre-seed round the previous year. Angel backers include individuals from Naspers, Tide, Moss, WorldRemit, Wefox, ComplyAdvantage and Auxmoney.
$6M source β
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Sikoiasikoia.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Sikoia do?
- Sikoia is a London-based fintech whose API-first platform automates customer verification and onboarding checks for financial services.
- Who founded Sikoia?
- Sikoia was founded by Alexis Rog, Alastair Bulger in 2021.
- Who are Sikoia's investors?
- Sikoia's investors include Earlybird Venture Capital, Seedcamp, Crane Venture Partners, MassMutual Ventures.