Conpend, based in Amsterdam, is an AI fintech scale-up that focuses on automating manual processes in trade finance and compliance. It has secured a majority investment from Cape Investment Partners, which will support its global expansion and product development. Founded in 2016, Conpend provides solutions for financial institutions, assisting them in managing complex workflows with AI-powered tools. Its main offering, TRADE AI, automates data extraction from unstructured documents, improving compliance and risk management. Conpend serves over 35 financial institutions worldwide and employs more than 60 people.
Conpend is an AI fintech scale-up dedicated to automating manual processes in trade finance and compliance through its proprietary conpend.ai platform.
CIP's majority investment will help Conpend expand globally, enhance product development, and reach more banks and financial institutions.
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