Scotland-based Exizent, which aims to transform how the financial services industry handles bereavement, has raised £3.6m in funding.
One of the investors of the round was global platform-as-a-service unicorn FNZ.
Exizent was created to help reduce the stress for family members experiencing loss and offers a platform that connects data, services and the network of people involved when someone passes away.
It works by helping legal services firms to manage the process of completing and submitting probate applications. The platform also streamlines information gathering on an estate by connecting third parties to automatically discover assets the person may have had.
Exizent founder and CEO Nick Cousins said, “Our personal experiences are what led to us to establish Exizent. We believe the administrative tasks facing families after the death of a loved one should be far easier, and that modern technology solutions and services can make this a reality.
“We have spent the last 18 months carefully designing, developing, and testing our product with innovative partners, and look forward to launching the platform to legal services professionals later this year.”
Fellow Scottish FinTech platform Zumo recently stormed past its crowdfunding goal to reach £1.5m, with days still left on the campaign.
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