FISCAL Technologies secures £3.6 million investment to drive global expansion for its procure-to-pay risk management solution

FISCAL Technologies, a world leading provider of forensic solutions and services, that empower purchase-to-pay teams across the globe to protect their organisational spend, has secured a £3.6 million funding round. It incorporates unique forensics technology combined with machine learning and AI to reduce risk, fraud and compliances issues in the Procure-to Pay function. “With strong support from our enterprise customers, increasing engagement with key industry analysts validating our visionary approach, and extraordinary backing from top tier investors, we anticipate becoming the essential foundation for any procure-to-pay, accounts payable or shared service teams. Richard Court, Head of the Development Capital at Octopus investments added: “FISCAL Technologies is a hugely exciting business with a very impressive and loyal customer base. We look forward to working with David and the team to further accelerate the growth of the business.” As part of the transaction, Edward Keelan from Octopus Investments will join the FISCAL Technologies board.