Amsterdam based text and news analytics platform has raised $3.5m of Series A funding, led by Velocity Capital.
“We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis recalls. “These are environments that rely on Bloomberg and Reuters. While doing this we gained a lot of spin-off within risk related departments. With regulatory requirements increasing, and banks being forced to work more efficiently, we’ve been especially successful with augmenting “slow data” (e.g. ratings, annual reports and research reports) for assessing credit risk with real-time actionable data”.