Nivo Solutions offers a verified identity messaging platform that combines secure instant messaging with digital identification and verification for financial services organizations, customers, and partners. Its product includes task management, e-signing, machine-learning identity document scanning, facial recognition, document collection, open banking and no-code automation. The platform is used by UK banks, building societies, alternative lenders and brokers, and the company reports about 1,000 new downloads daily and over 50,000 monthly users. Nivo says it reduces reliance on paper, post, phone calls and email by embedding verification and communications into instant messaging. The company plans to use the new capital to build its product and expand marketing, customer success and sales teams, including hiring a sales director to accelerate growth. Founders Michael Common (CEO) and Matthew Elliott (CCO) bring extensive banking experience, most recently at Barclays.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022