Dublin-based fintech startup Assiduous, which delivers AI-driven corporate finance tools to support SMEs through key transactions, has secured €1 million in funding and announced the launch of the Corporate Finance Autopilot, as Vestbee was informed.
- Launched in 2023 by Fergal Meegan and Barry Murphy, Assiduous develops an AI-enabled corporate finance platform designed to support small and medium-sized businesses through strategic, financing, and liquidity transactions.
- The platform combines structured business analysis with automation to assess a company’s fundamentals, align strategic objectives, and track execution over time.
- It integrates business data, financial planning, and governance tools into a single system that supports informed decision-making and prepares companies for funding, succession, listing, or exit events.
"Assiduous is focused on embedding corporate advisory domain expertise at the application layer to unlock the power of foundation models for many more small and medium sized business owners seeking to contemplate, plan, and execute high value corporate actions," co-founder and CEO of Assiduous, Fergal Meegan, commented in a press release.
- Moreover, Assiduous has partnered with Euronext Group to give SMEs earlier access to capital markets, following its participation in the EU-funded EIT Digital Open Innovation Factory 2024 programme.
Details of the deal
- The investment was backed by business owners and executives, with additional support from Enterprise Ireland through its High-Potential Start-Up (HPSU) funding.
"The company’s growth plans aligns with Enterprise Ireland’s new five-year strategy Delivering for Ireland, Leading Globally, with a key objective to support and enable SMEs to engage with the start-up ecosystem, to execute financing and strategic transactions and to grow the next generation of Irish multinational corporations," claims Conor O’Donovan, Head of Start-ups at Enterprise Ireland.
- The startup will use the fresh funding to bring its AI-native solution to market, execute its product development roadmap through 2025 and 2026, expand its technical team, and recruit exceptional product and engineering talent.
