UK’s iCustoms scores €2M to help businesses automate customs processes more efficiently using AI
Summary
London-based iCustoms, a company offering fully automated customs management solutions, announced on Tuesday, March 26, that it has secured $2.2M (approximately €2M) in a seed funding round. The customs clearance procedure can be complicated, which includes outdated software, piles of manual paperwork, and heavy reliance on manpower. Led by Adnan Zaheer (CEO), iCustoms is an all-in-one solution that helps businesses automate customs processes more efficiently. Utilising AI-powered and machine-learning capabilities, the UK company is designed to streamline all customs procedures in a few minutes, cut additional costs, and save time. “Our experience in the VC space has shown us the immense potential of iCustoms’ innovative AI-driven approach,” says Mark Pearson, Founder and Managing Partner of Fuel Ventures.