Sikoia
Sikoia is a London-based B2B fintech that provides an AI-powered Unified Data Platform automating customer verification, document processing, KYC/AML, and affordability checks for banks, lenders, and fintechs in the UK and selected international markets.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Sikoia does
Sikoia is a London-based B2B fintech, founded in 2021, that operates a Unified Data Platform (UDP) for automating customer verification, onboarding, and ongoing risk processes at financial services institutions. The platform aggregates and orchestrates data from credit bureaus (Experian, TransUnion, Equifax), open banking providers (Yapily, TrueLayer, GoCardless), identity verification vendors (Veriff, Au10tix), AML screening (ComplyAdvantage), and global business intelligence (Creditsafe) into a single layer, exposed through both a RESTful JSON API and a ready-to-use Customer Evaluation Dashboard with white-labelled flows and decisioning checklists. Its core differentiator is an AI-powered document processing engine, with industry-specific models, that extracts and verifies data from payslips, bank statements, and tax returns, performs document integrity and tamper detection, and generates affordability insights via open banking — claimed to reduce document handling costs and time by over 75% and cut document analysis errors to below 1%.
The product portfolio spans AI-Powered Document Processing, Income and Employment Verification, Affordability Insights, Document Integrity Checks, an All-in-One Verification Marketplace, Smart KYC Checklists, and an AML Co-pilot. Sikoia serves primary verticals of mortgages, consumer lending (including near- and sub-prime), motor finance, tenant referencing, and other regulated businesses; named customers include TSB, Experian, Finova, OMS, Tandem Bank, Bath Building Society, Mast, Mutual Vision, Mortgage Advice Bureau, Bank of Ceylon UK, and Fignum. Distribution combines direct enterprise sales, OEM/embedded integrations into lending platforms, the NayaOne marketplace, and industry-body membership (Equity Release Council).
The company generates revenue through usage-based API subscriptions and monthly dashboard subscriptions, is FCA-authorized as an Account Information Service Provider (FRN: 942979) and credit reference provider (FRN: 942616), and is ISO 27001 certified. It has raised $8.3M total across a $2.3M pre-seed (Earlybird, Seedcamp, 2021) and a $6M seed (MassMutual Ventures led, 2023), and operates from London with a team of 11-50.
Sikoia firmographics
Firmographics- Name
- Sikoia
- Legal name
- Sikoia Ltd
- Website
- https://sikoia.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sikoia is a London-based B2B fintech that provides an AI-powered Unified Data Platform automating customer verification, document processing, KYC/AML, and affordability checks for banks, lenders, and fintechs in the UK and selected international markets.
- Ownership category
- akta.pro rank
Sikoia industry classification
Industry- Product category
- Customer Verification & KYC Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Customer Identity (KYC/CDD/EDD) & Onboarding (FSAMAMAA)
- akta.pro secondary industries
- Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN), Income, Employment & Cash-Flow Verification (Consumer) (FSAKAKAE), Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB)
Keywords
Where Sikoia is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Sikoia business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- API Access / Platform Subscription: Sikoia generates revenue through API access and platform subscriptions, providing financial institutions access to its Unified Data Platform for customer verification, compliance, and risk assessment. Revenue is derived from usage-based API calls and/or subscription tiers for dashboard access.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | API Access |
| Subscription | Monthly | Dashboard / Ready-to-go verification dashboard |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels8 records
Sikoia product offering
Product offeringCore offering
Sikoia operates a Unified Data Platform (UDP) that automates customer verification for financial services institutions. The platform aggregates and enriches customer financial and identity data from multiple sources — including credit bureaus, open banking, AML screening, identity verification, and public registries — and exposes the unified data via a ready-to-use dashboard or a RESTful API. AI-powered document processing, income/employment verification, affordability insights, document integrity checks, smart KYC checklists, and an all-in-one verification marketplace of data providers form the core commercial offering.
Product overview
Sikoia is a category-defining Unified Data Platform (UDP) and orchestration layer that helps financial services providers automate customer verification processes. The platform architecture consists of a core Unified Data Platform that aggregates and enriches customer data from disparate sources, accessible via two access methods: the Customer Evaluation Dashboard (ready-to-use interface for business users) and the Sikoia API (RESTful programmatic access for developers). The platform is modular, with add-on capabilities including AI-Powered Document Processing (which verifies customer documents using AI models), Income and Employment Verification, Affordability Insights, Document Integrity Checks, Smart KYC Checklists, and an All-in-One Verification Marketplace connecting to multiple data providers. The AML Co-pilot provides AI-assisted anti-money laundering compliance. The platform serves multiple sectors including mortgages, motor finance, consumer lending, tenant referencing, and other regulated businesses.
Differentiator
Problem solved
Functional benefit
Products and services
- Unified Data Platform (UDP) Sikoia's core orchestration layer that enriches and aggregates customer data from disparate sources and systems to automate compliance and risk processes including customer onboarding, verification, and portfolio monitoring, providing a 360-degree customer view accessible via dashboard or API.
- Sikoia API RESTful JSON API providing programmatic access to all platform capabilities for automating customer verification workflows, enabling auto-population of application forms, triggering verification checks, and integration with existing CRM and origination systems.
- Customer Evaluation Dashboard Ready-to-use verification dashboard enabling business users to verify customer data immediately without complex integration, with white-labelled verification flows, decisioning checklists, and comprehensive data modules for KYC/KYB processes.
- AI-Powered Document Processing AI-powered solution that instantly verifies proof of income, employment, address, and affordability from customer-provided documents, using industry-specific models to extract and validate data from bank statements, payslips, and tax returns in seconds.
- Income and Employment Verification Automated verification of income and employment data through payslip, tax document, and bank statement checks, extracting and standardizing income profiles with automated risk indicators for faster underwriting decisions.
- Affordability Insights Automated open banking and bank statement analysis providing affordability assessments for lending decisions, with automated budget planning and expenditure analysis to support customer duty requirements.
- Document Integrity Checks Verification of customer document authenticity at submission with tamper detection and policy compliance checking, ensuring documents meet specific lender requirements and reducing document analysis errors to below 1%.
- All-in-One Verification Marketplace Integrated marketplace providing access to multiple data providers including credit bureaus, open banking, identity verification, AML screening, and public registries through a single platform with turnkey agreements.
- Smart KYC Checklists Automated eligibility and suitability assessments ensuring policy compliance, with decision automation and dynamic checklists that update with new customer data for efficient verification and approval workflows.
- AML Co-pilot AI-powered assistant supporting anti-money laundering compliance processes with automated PEPs, sanctions, and adverse media screening, enabling individuals and teams to verify customer data at scale.
Quantifiable outcome
- Reduces document handling costs and processing time by over 75%
- +4 more outcomes
Companies that use Sikoia
Customer profileNamed customers18 records
Segments5 records
Ideal customer profiles3 records
Sikoia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability9 records
Feature8 records
Sikoia partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, flagship, industry and minor.
- FignumcoreIntegration of Sikoia's AI-powered document processing into Fignum's platform for mortgage and automotive finance lenders. Reduces document handling costs and processing time by over 75% and cuts errors to below 1%.
- HomeNowcoreIntegration of AI-powered verification technology into UK property finance sector. Automates income, credit, and compliance checks for homeownership application process.
- FinovaflagshipIntegration into Finova's cloud-based mortgage and savings platform. Finova powers one in five UK mortgages, supporting over 60 lenders and 2,400+ brokers. Reduces processing times and document errors.
- ExperianflagshipIntegration of Sikoia's AI-powered document processing into Experian's verification services. Automates extraction and verification of customer information from submitted documents including payslips, bank statements, and tax returns.
- MastcoreIntegration of Sikoia's AI-powered document processing into Mast's loan origination platform for UK building societies and lenders. Reduces document handling by over 75%.
- Bank of CeyloncoreUK subsidiary partnership for KYC and KYB enhancement. Provides identity verification, PEPs/sanctions checks, adverse media checks, automated document processing, and credit bureau reports.
- TSBflagshipTSB Bank Innovation Programme winner. Automation of income and affordability verification for mortgage processes serving 6+ million customers.
- OMS (One Mortgage System)flagshipIntegration of Sikoia's AI-powered document processing into OMS's CRM and Originations platforms. Supports approximately 5,000 new mortgage applications per month. Expanded partnership in 2025 to include enhanced data insights and document checks. Users include 3,200+ broker subscribers.
- Equity Release CouncilindustryIndustry body membership for UK equity release sector. Sikoia joins to enhance customer protection and foster innovation in the sector.
- CreditsafecoreExtended partnership for wider global coverage. Provides access to Creditsafe's global business intelligence data across 200+ countries for counterparty risk assessment.
- Y3ScoreIntegration for specialist loan brokerage. Automates biometric identity verification, AML checks, and processing of mortgage application documents.
- Bath Building SocietycoreAutomation of mortgage document handling, income verification, and affordability checks using Sikoia's AI-powered platform alongside OMS cloud-based mortgage origination technology.
- YaviacoreIntegration of Sikoia's document processing into YAVIA's digital platform for mortgage and protection cases. First deployment before the mortgage CRM system.
- FinclusioncoreIntegration for car finance decisions. Combines AI-powered document intelligence and Open Banking data for instant income and affordability validation.
- Mutual VisioncoreIntegration into Mutual Vision's digital banking platform for specialist lenders. Provides automated document processing, credit bureau reports, PEP/sanctions checks, and Open Banking capabilities.
- ZühlkecoreStrategic partnership integrating Sikoia into Zühlke's banking ecosystem. Zühlke is a global innovation service provider with expertise in banking and insurance transformation.
- NayaOneminorListed on NayaOne Tech Marketplace providing financial institutions direct access to Sikoia's AI-powered Document Insights solution through neutral testing environment.
- YapilycoreOpen banking partnership providing Sikoia's clients with comprehensive access to consumer and business UK bank accounts through Yapily's open banking technology.
- ComplyAdvantagecoreExtended partnership for AML screening and monitoring. Provides access to ComplyAdvantage's database of sanctions, watchlists, and adverse media coverage along with ML algorithms and NLP.
- Tandem BankcoreIncome verification automation partnership. Reported 99.8% productivity boost with processing times reduced from 30 minutes to seconds.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Sikoia competitors and assessment
Company assessmentDirect peers
- Onfido: Onfido is a global identity verification and KYC/AML platform serving banks, lenders, and fintechs. It competes directly with Sikoia in customer onboarding, document verification, and AML screening workflows across the same regulated financial-services buyer base.
- Veriff: Veriff provides AI-powered identity verification, document authentication, and KYC tooling used by financial services and marketplaces. It overlaps with Sikoia's document integrity and IDV modules and sells to overlapping lending and fintech customers.
- Jumio: Jumio offers identity verification, KYC, AML, and orchestration services to banks and fintechs. Its end-to-end onboarding platform directly competes with Sikoia's Unified Data Platform across the same financial-services verticals.
- Persona: Persona provides a configurable identity verification platform with KYC, AML, and document verification capabilities. It targets financial services and fintechs with similar orchestration-layer use cases as Sikoia.
- Alloy: Alloy is an identity decisioning platform that orchestrates KYC, AML, and fraud checks for banks and fintechs. It competes head-to-head with Sikoia's Unified Data Platform and verification marketplace model.
- Truv (formerly Citadel): Truv specialises in income, employment, and asset verification through employer and payroll integrations. It is a direct competitor to Sikoia's Income & Employment Verification module, particularly for US lending.
- Truework: Truework provides income and employment verification, primarily to mortgage lenders. It is a direct competitor to Sikoia's income/employment and affordability verification capabilities in mortgage origination.
Emerging players
- ComplyAdvantage: ComplyAdvantage is an AI-driven AML and sanctions screening provider that Sikoia resells within its marketplace. It is both a partner and adjacent competitor, offering its own KYC/onboarding workflows that overlap with Sikoia's AML Co-pilot.
Broad incumbents
- Plaid: Plaid is the dominant open banking aggregator used by lenders and fintechs for income and affordability data. Sikoia integrates open banking via partners like Yapily, but Plaid's scale and direct lender relationships make it a broader incumbent in adjacent data flows.
- Tink (Visa): Tink, owned by Visa, provides open banking APIs across Europe used for income and account verification. It is a broader incumbent in the same data infrastructure category Sikoia aggregates for affordability and income checks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sikoia social profiles
Digital presenceSikoia compliance and trust
Trust signalCompliance2 records
Sikoia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sikoia leadership team
Management profileNumber of profiles
Profiles5 records
Sikoia funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sikoia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sikoia
What does Sikoia do?
Sikoia operates a Unified Data Platform (UDP) that automates customer verification for financial services institutions. The platform aggregates and enriches customer financial and identity data from multiple sources — including credit bureaus, open banking, AML screening, identity verification, and public registries — and exposes the unified data via a ready-to-use dashboard or a RESTful API. AI-powered document processing, income/employment verification, affordability insights, document integrity checks, smart KYC checklists, and an all-in-one verification marketplace of data providers form the core commercial offering.
Is Sikoia a public or private company?
Sikoia is a private company. It is classified as venture growth investor backed and is currently operating.
When was Sikoia founded?
Sikoia was founded in 2021. It employs 11 to 50 people.
Where is Sikoia based?
Sikoia is headquartered in London, United Kingdom, in the Europe region.
How does Sikoia make money?
One revenue line is on record: API Access / Platform Subscription.
Who are Sikoia's main competitors?
Direct peers on record are Onfido, Veriff, Jumio, Persona, Alloy, Truv (formerly Citadel) and Truework. ComplyAdvantage is listed as an emerging player. Broad incumbents are Plaid and Tink (Visa).
Does Sikoia have an API?
Yes. Sikoia offers a RESTful JSON API that enables programmatic access to the platform for automating customer verification workflows. The API supports auto-populating customer application forms, triggering verification checks including Open Banking and IDV, and feeding affordability outputs into existing systems. It integrates with any CRM, verification engine, or custom platform via secure authentication and webhook notifications for status updates. The platform's enterprise-grade infrastructure is cloud-native and designed for financial services providers. Developer documentation is at docs.sikoia.com/docs/welcome.
What industry is Sikoia in?
Sikoia's product category is Customer Verification & KYC Software. Its primary akta.pro industry code is FSAMAMAA, Customer Identity (KYC/CDD/EDD) & Onboarding, with a secondary code of FSAMAMAN, Data, Evidence & Document Verification (IDV) for KYC. Its NAICS code is 52232 and its SIC code is 7370.