AI SaaS platform bridges the gap between business owners and capital markets.
Dublin fintech Assiduous has secured €1m in funding as it launches its Corporate Finance Autopilot platform.
NovaUCD-based Assiduous, operating since 2023, is a team of capital markets professionals and technologists dedicated to helping business owners progressively build valuable businesses and achieve financial independence.
“We are only scratching the surface with the value that can be created for business owners from leveraging AI to do more with less”
Its Corporate Finance Autopilot is a virtual corporate finance service-as-a-software solution, enabled by the latest AI advances, bridges the gap between business owners and capital markets. The platform supports small and medium sized companies preparing for strategic, financing and liquidity transactions with a whole of lifecycle approach.
Hitting the market
Through this oversubscribed private investment round, which was backed by experienced business owners and executives, with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding, Assiduous secured the funding to bring its AI native solution to market and to execute on its product development roadmap through 2025 and 2026.
The company says it will also use the funding to expand its technical team, to take advantage of the latest advances in agentic AI and recruit exceptional product and engineering talent with a passion for applying AI to high value use cases.
Assiduous was founded by experienced investment bankers Fergal Meegan and Barry Murphy and is headquartered at NovaUCD in Dublin.
“Businesses are at a pivotal moment in the application of technology to the provision of professional services,” said Meegan.
“We are only scratching the surface with the value that can be created for business owners from leveraging AI to do more with less. Assiduous is focused on embedding corporate advisory domain expertise at the application layer to unlock the power of foundation models for many more small and medium sized business owners seeking to contemplate, plan and execute high value corporate actions.”
Having also recently completed the EU co-funded EIT Digital Open Innovation Factory 2024 programme of activities, Assiduous has established a strategic collaboration with Euronext Group to facilitate access for small and medium sized companies to Euronext markets earlier in their lifecycle.
As a constituent of EIT Digital’s Equity Portfolio Assiduous will benefit from continued support and access to stakeholders in the European innovation ecosystem.
“We are pleased that we could provide financial support for Assiduous at a formative stage in its evolution,” explained Dénes Csiszár, Interim Head of Acceleration and Growth at EIT Digital.
“We are excited about Assiduous’ prospects to solve some of Europe’s critical strategic and financing challenges for SMEs using the latest artificial intelligence innovations. We look forward to witnessing Assiduous’ progress in the coming years as a as a champion for European SMEs and as a shareholder.”
Conor O’Donovan, Head of Start-ups at Enterprise Ireland, added: “Assiduous is an excellent example of a forward-thinking Irish start-up that is using cutting-edge technology to address a massive unmet market need.
“The company’s growth plans aligns with Enterprise Ireland’s new five-year strategy Delivering for Ireland, Leading Globally, with a key objective to support and enable SMEs to engage with the start-up ecosystem, to execute financing and strategic transactions and to grow the next generation of Irish multinational corporations.”
Main image at top: Assiduous co-founders, Fergal Meegan and Barry Murphy
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