Fintech PR
Anyformat raises €520,000 to revolutionize the automation of unstructured data extraction and analysis
- Anyformat’s €520,000 pre-seed funding round included participation from Spanish investment funds 4Founders Capital and Abac Nest Ventures, along with prominent business angels.
- The startup offers an innovative SaaS that simplifies and optimizes the analysis of unstructured data without requiring technical expertise. This solution addresses a critical need: 80% of the data companies possess goes unused due to its complexity in access and processing.
- According to Market Data Forecast, the artificial intelligence market in Europe is expected to grow to USD 414.44 billion by 2029 from USD 87.84 billion in 2024, growing at a CAGR of 36.38% during the forecast period.
MADRID, Oct. 8, 2024 /PRNewswire/ — Anyformat, the Spanish startup aiming for a new era of collaboration between humans and artificial intelligence, raised €520,000 in a pre-seed funding round. This round, led by 4Founders Capital, Abac Nest Ventures, and prominent business angels, will allow anyformat to accelerate the development of its generative AI platform, designed to transform how companies manage and analyze unstructured data.
With this cash injection, anyformat establishes itself as a key solution for automating the extraction and analysis of complex data, enabling any user—without technical expertise—to convert large volumes of unstructured information into strategic insights. This marks a crucial step for organizations looking to optimize processes and improve data-driven decision-making.
European countries are establishing legal frameworks and increasing investments in technology at a rapid pace. The market is expected to grow from USD 414.44 billion by 2029 from USD 87.84 billion in 2024. This growth environment, combined with the exponential increase in the generation of unstructured data, reinforces the strategic relevance of anyformat for companies seeking agility and operational efficiency.
Juan Huguet, CEO of anyformat, emphasizes: “Our mission is clear: to enable organizations to embrace hybrid intelligence by allowing AI to do the heavy lifting of extracting and structuring data, so that people can focus on solving strategic and creative problems. With anyformat, companies can access valuable information quickly and effortlessly.“
Anyformat’s platform automates the extraction of information from documents, presentations, and even voice recordings, simplifying tasks that previously required extensive manual effort or advanced technical knowledge. As Alejandro Fernández, COO of anyformat, explains, “Many companies are held back by the challenge of managing unstructured data. With our solution, we make that information immediately available to teams, ready to be integrated into tools like Excel or business intelligence platforms.”
In addition to its focus on usability, anyformat is designed for easy scalability, ensuring seamless integration with existing systems. Diego Pérez, CTO of anyformat, adds: “Our priority is to optimize workflows without compromising data security or privacy. We understand that trust is key, and we ensure that information is handled responsibly and efficiently, allowing organizations to grow sustainably.”
Investors recognize the disruptive potential of anyformat. Joan Pina, partner at Abac Nest Ventures, comments: “At Abac Nest Ventures, we have invested in anyformat because we believe in the founders’ vision and the impact their technology can have on the industry. Turning unstructured data into actionable insights is a growing need, and companies using anyformat are gaining a competitive edge by integrating AI quickly and efficiently into their processes.”
With the new funding, anyformat is gearing up to expand its team and operations, aiming to solidify its presence in Spain and explore opportunities in international markets. “At anyformat, we are committed to transforming unstructured information into a competitive advantage, enabling companies not only to access valuable information but also to use it intelligently for strategic decision-making that drives their growth and success.”
About anyformat
anyformat, is a Spanish generative artificial intelligence startup based in the Google Startups offices in Madrid and Emprenbit in Mallorca, founded in 2024 by Juan Huguet, Diego Pérez, and Alejandro Fernández. It offers a platform that automates the extraction and structuring of information from unstructured data sources, allowing for analysis without the need for technical expertise. Its technology transforms this data into formats ready for integration into business intelligence tools and spreadsheets, reducing processing time from hours to minutes. Its mission is to unlock the value of unstructured data, helping companies make strategic decisions and optimize their workflows. For more information visit https://www.anyformat.ai.
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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