Taktile, a New York-based fintech startup, has closed a $54 million Series B funding round led by Balderton Capital, with participation from a slew of prominent investors. This significant investment brings the company's total raised to $79 million, fueling its mission to transform the way financial institutions make automated decisions.

The startup, founded by Harvard alumni Maximilian Eber and Maik Taro Wehmeyer in 2020, addresses a critical pain point in the financial industry. Traditional automated decisioning logic is often hard-coded, making it difficult for financial institutions to adapt to changing market conditions or customer needs. Taktile's platform offers a self-service solution, enabling risk and engineering teams to create, manage, and optimize workflows for automated decision-making.

The platform's capabilities are extensive, allowing users to experiment with data integrations, monitor predictive model performance, and conduct A/B tests to evaluate decision flows. For instance, a bank could utilize Taktile to simulate the impact of lowering the minimum age for account applications from 25 to 21 on customer churn. Alternatively, a loan provider could build a workflow that automatically extracts information from documents, summarizes cases, and recommends next steps for manual review.

Taktile's data layer is a key differentiator, providing users with a comprehensive picture of their customers across various decision moments, from onboarding to fraud checks and operational decisions like collections. This holistic approach has resonated with fintech companies, with Taktile's client base expanding to include notable names like Zilch and Mercury.

The company's growth has been impressive, with annual recurring revenue climbing 3.5x year-over-year in 2024. This upward trajectory is a testament to the platform's value proposition, which offers an end-to-end solution that legacy software cannot match. As Wehmeyer noted, "Legacy software is just hopelessly outdated. We've won many pitches because even if we were weaker than a specialized vendor in one case, customers want an end-to-end solution."

The Series B funding will be allocated towards product development and building out Taktile's enterprise sales organization. With a strong cash position and significant investor demand, the company is well-positioned to drive further innovation and expansion in the fintech space.

The investment landscape for fintech and financial services is increasingly focused on unit economics and vendor consolidation. Taktile's success in securing funding amidst this backdrop is a vote of confidence in its vision to revolutionize automated financial decisioning logic.

As the fintech industry continues to evolve, Taktile's platform is poised to play a critical role in empowering financial institutions to make more informed, data-driven decisions. With its latest funding round, the company is set to accelerate its growth and cement its position as a leader in the automated decisioning space.