Taktile Secures $54M to Propel AI-Powered Decision Making in Financial Services
Deal News | Feb 27, 2025 | Balderton Capital
Taktile, a leader in decision automation for financial services, has secured $54 million in Series B funding led by Balderton Capital, with participation from prominent investors like Index, Tiger, Y Combinator, Prosus, Visionaries Club, and Larry Summers. The platform empowers fintech and major financial institutions like Allianz and Rakuten Bank to optimize risk management across the customer lifecycle, aiding significant business operations by offering a comprehensive view and control over AI-powered risk decisions. With its customer base rapidly expanding and accolades from industry platforms like G2 and the Banking Tech Awards USA, Taktile is poised to expand its impact on high-stakes decision making in financial services, where AI innovation continues to meet high-risk demands. The firm has demonstrated its ability to drive efficiencies and cost savings for clients such as Zilch and Zippi while allowing traditional financial institutions to integrate AI solutions effectively. As AI moves beyond hype in financial services, Taktile positions itself as a critical ally in transforming AI adoption from experimental to genuinely valuable business solutions.
Sectors
- Financial Services
- Artificial Intelligence and Machine Learning
- Venture Capital
Geography
- United States – Taktile's operations impact the U.S. financial services market and the Series B funding round includes participation from a notable U.S. figure, Larry Summers.
- Global – Taktile has a customer base that spans 24 markets worldwide, including global players like Allianz and Rakuten Bank.
Industry
- Financial Services – This industry is central to the article as Taktile provides solutions designed to improve risk management and decision-making processes for financial institutions.
- Artificial Intelligence and Machine Learning – Taktile is focused on integrating AI into risk decision processes, making this industry classification relevant.
- Venture Capital – Balderton Capital and other venture firms are involved in funding Taktile, indicating the significance of venture capital in the company's expansion.
Financials
- $54 million – The funding amount raised by Taktile in its Series B round.
- 3.5x – Taktile's growth in Annual Recurring Revenue (ARR) in 2024.
- 50% – Reduction in service provider and usage costs achieved by Taktile's customer, Zilch.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Taktile | Target Company | Company | A decision automation platform empowering fintech and financial institutions to optimize risk management strategies. |
| Balderton Capital | Lead Investor | Company | A venture capital firm leading Taktile's Series B funding round to aid their growth and innovation. |
| Index Ventures, Tiger Global, Y Combinator, Prosus, Visionaries Club | Investors | Company | Existing investors participating in Taktile's Series B funding round to support its expansion. |
| Larry Summers | Investor | Person | Former US Secretary of the Treasury, involved as an individual investor in Taktile's Series B round. |
| Allianz | Client | Company | One of the world's largest financial institutions and clients of Taktile's decision automation platform. |
| Rakuten Bank | Client | Company | A major financial institution utilizing Taktile's platform to manage risk and decision processes. |
| Zilch | Client | Company | A fintech company benefiting from Taktile's platform for optimized automated underwriting workflows. |