London-based Desia, a fintech startup focused on AI-powered productivity solutions for investment professionals, has raised €3 million in pre-seed funding. The round was led by Dig Ventures and included participation from 2100 Ventures, Exor Ventures, Octopus Ventures, and notable angel investors such as Niccolo Maisto (Founder of FaceIT) and Mark Ransford (Senior Advisor at CVC).
Founded by Raffaele Terrone, co-founder of Scalapay, alongside Alessandro Amaro and Mehmet Öner Yalçin, Desia aims to solve the time-consuming challenge of sifting through unstructured data in the financial sector. Terrone, who experienced this problem firsthand during his time at Goldman Sachs and Barclays, developed Desia to streamline investment processes by automating data analysis and enhancing decision-making capabilities using AI.
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Empowering Financial Services with AI
The platform offers advanced AI applications for automation, productivity, and analytics, designed to improve efficiency for investment professionals. The startup plans to use the funding to accelerate product development and scale its operations. Co-founder and CPO Alessandro Amaro highlighted the team’s mission to tackle the long-standing challenge of data inefficiencies in financial services.
Strategic Investors Back The Vision
Ross Mason, Founding Partner at Dig Ventures, compared the startup’s potential to early innovations like MuleSoft, emphasizing the startup’s ability to automate data analysis for finance professionals. With a team that includes talent from Advent International, the company is well-positioned to bring about meaningful change in the investment industry.
