Also participating in the round are existing investors FinTech Collective and Contour Ventures, as well as new investor AngelList Ventures who join existing shareholders Fitch Ratings and Barclays PLC. Sigma's expansion comes at a critical time, as firms seek to simultaneously address increasing regulatory, geopolitical and reputational-related risks, and digitally transform outdated and expensive legacy approaches to risk management and regulatory compliance.
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Sigma Ratings announces Series A led by Mosaik Partners to scale intelligent relationship risk management
Stuart Jones, Jr., founder and CEO of Sigma, said: "Firms are looking for faster, smarter ways to perpetually evaluate customer and third-party risk. Doing so helps these firms manage potential downside risk, confidently expand relationships and automate and improve upon existing processes. Our platform answers that need through enriched global data, intelligent and configurable workflows and innovative technical applications that simply outperform legacy approaches."
