Leuven, 29 October 2024 - Predikt, the fast-growing Belgian-Swiss start-up that uses AI to make advanced financial forecasts for large companies and multinationals, has successfully completed a 750,000 euro funding round. Investors include Winter Circus CEO Louis Jonckheere and Silverfin founder Joris Van der Gucht. The start-up plans to use the funding mainly to further develop the platform, increase usability and strongly market the solution at home and abroad.
The start-up Predikt, which was only officially founded earlier this year, has developed an advanced tool that enables mainly large companies and multinationals to use artificial intelligence to make more accurate financial forecasts. While many similar tools merely take into account internal historical data, Predikt additionally analyses millions of external indicators such as global commodity prices, consumer behaviour and inflation. In this way, the platform helps CFOs and their teams anticipate market shifts faster and make better strategic decisions.
The demand for a solution like Predikt is already high. “Corporate finance departments, especially in the consumer products and industrial manufacturing sectors, are increasingly faced with complex decision-making processes,” explains Nick Vandesype, CEO of Predikt. "In an increasingly volatile and unpredictable economic environment, where factors such as supply chain disruptions, geopolitical issues and commodity price increases have a major impact, CFOs are struggling to maintain confidence in their financial forecasts. Predikt offers the solution by enriching financial forecasts with real-time macroeconomic signals. This allows companies not only to react to internal data, but also to be better prepared for external shocks. Our platform filters out noise and enables CFOs to act with confidence and certainty, even in the most uncertain market conditions. We provide clear, defensible insights that close the gap between departments and provide a consistent overview of the company's financial health, regardless of geography."
Scalability
The innovative technology is the result of a huge amount of research and development, developed at KU Leuven. This first capital round of 750,000 euros will now help Predikt to further develop the platform and expand it with new features. A large part of the funds will be invested in scalability, both of the tool itself and the customer base. Primarily, the start-up wants to increase the user-friendliness of the platform and put it on the map at home and abroad. The aim is to further strengthen Predikt's position in Europe. In the next few years, they also want to open an office in Switzerland.
Silverfin, Showpad, Henchman
The investment round not only provides the start-up with fresh capital, it also brings a lot of experience and expertise on board. Among the investors who have expressed their confidence in the platform are top entrepreneurs such as Louis Jonckheere (CEO Wintercircus, co-founder Showpad), Joris Van der Gucht (founder Silverfin), Jorn Vanysacker and Gilles Mattelin (founders Henchman), Matthias Gerooms (co-founder Lighthouse) and global consulting agency Keyrus.
"The strong features of Predikt that immediately convinced me are the strong team and their technology that is not only cutting-edge, but also directly applicable in practice. The early traction with first customers is proof that Predikt is not just capitalising on a trend, but truly offers a solution to a crucial problem CFOs are struggling with today. Nick and his team have become experts in predictive analytics through years of experience, so I strongly believe in the future of their solution."
Louis Jonckheere, CEO Wintercircus
“I had the opportunity to work with Nick several times and got to know his strong expertise and versatile skillset up close. Together with the other co-founders, he creates a powerful momentum with a tool that offers concrete solutions. From my advisory role, I will therefore contribute by using my own experience and providing hands-on support."
Joris Van Der Gucht, founder Silverfin
“Companies that invest in predictive analytics give themselves a powerful tool to navigate uncertainty and make better decisions. By combining internal data with external market signals and innovative artificial intelligence, Predikt provides companies with a crucial competitive advantage."
Maud Vermeulen, Managing Partner Keyrus EPM EMEA
About Predikt
Predikt is an AI-driven platform that supports CFOs and finance teams of large companies and multinationals to improve their financial forecasts.Using external data and advanced predictive models, Predikt seamlessly integrates internal financial processes with more than 10 million external macroeconomic indicators. This approach enables companies to make accurate forecasts for KPIs such as revenue, costs and profit, and provides insight into risks and opportunities.Predikt targets multinationals that have complex financial structures, helping them by quickly generating scalable, transparent and reliable forecasts, leading to better decision-making and higher ROI.
