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.