Porters has closed a €2.7 million pre-seed funding round to develop AI-based software for banking operations. The round was led by Earlybird, with participation from Seedcamp and a group of fintech founders and industry professionals.
Angel investors include Martin Kassing (Upvest), Alexandre Prot (Qonto), Lukas Zörner (Penta and Integral), and Adrien Treccani (Metaco). Additional participants include Casper Wahler (Hedosophia) and Jonathan Brander (Upvest, FNZ, Schröders), bringing experience in scaling financial services operations.
Founded by Konstantin Kotulla, Christopher Barth, and Dr Michael John, Porters is developing software to support banking teams in managing regulated and time-sensitive workflows more efficiently. By combining AI-based technology with a vertical service offering, the platform aims to reduce manual oversight and improve operational productivity without increasing headcount.
The platform initially focuses on account seizure and insolvency management, where institutions often face high case volumes and strict compliance requirements. By automating routine tasks, Porters enables teams to process cases more efficiently while maintaining regulatory standards, allowing internal staff to focus on exception handling.
Commenting on the round, Konstantin Kotulla, co-founder of Porters, said that many banking operations remain largely manual despite long-running digitalisation efforts.
We're solving this by building an AI-native service that doesn't just automate tasks, but truly allows scaling without adding headcount. All while maintaining the resilience and compliance that financial institutions require. This funding accelerates our mission to redefine financial service operations for the AI era.
The funding will be used to further develop the product and scale the platform to support additional back-office services for banks and fintechs.
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