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Heron Data
Bank transaction data analytics platform
- 1-20 employees
- Fintech
- B2B
- Banking
- Lending
- SaaS
- Data Analysis
- Clerkenwell, London, UK
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Company mission
Heron Data's mission is to enable better financial services for all by accelerating fintech innovation through its bank transaction data analytics platform.
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Our take
Bank transaction information is highly beneficial for companies to assess the financial health of a client, facilitating the provision of financial services such as business lending and insurance. However, accessing the financial data to facilitate this can be difficult, with companies relying on public-access data that is often out-of-date, difficult to aggregate, and not comprehensive.
Heron Data provides a bank transaction data analytics platform, helping its clients provide services such as underwriting, business analytics, financial transaction feeds, and merchant detection. The company achieves this by leveraging machine learning data analysis models to provide accessible insights into its available data, integrable with other financial software tools through its secure API.
Although the company faces competition from other financial data platforms, Heron Data has recognized that utilizing such data is not easy, providing ML-driven tools to automate the production of analytical insights from it. The company claims that its solutions increase the usefulness of transaction data, speeding up data analysis processes, and providing clients with features that would be impossible without its granular bank transaction data API.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Friday company lunches (always vegan-friendly!)
- Bi-monthly company retreats to different UK destinations (Brighton and Bath so far!)
- Flexible work from home policy
- Remote December: we go remote for 4 weeks in Dec/Jan to facilitate long home visits or other extensive yearly travel
- Substantial equity compensation (0.5%-1.25%)
Company values
- Outcomes first: We believe that the autonomy to solve problems and be evaluated on the outcome only are crucial to a successful and happy company. We believe that micromanagement is the fault of the manager, who has not succeeded in finding the right role for a person and equipping them with the right tools and clarity on the goals.
- Speed: We keep meetings to a minimum and maximise uninterrupted work time. We encourage people to ship things quickly. Crucially, we accept that this entails shipping bugs from time to time. We resolve these quickly and communicate with our customers. We praise individuals for their speed and delivery, but take any blame for the ensuing issues as a group.
- In-person culture: At the current stage of our company, we believe that coming to an office together multiple days a week is best. We encourage working from home wherever people think it’s more appropriate given the tasks ahead for the day, and expect people to do so flexibly.
- Mutual support: We go for team meals every week and try to come together as a group with our partners every few weeks. We go on retreats every two months, and we have regular team conversations in which we prioritise our own vulnerabilities and emotions to ensure that everyone feels fully supported at work.
Funding (1 round)
Sep 2020
$1.2m
SEED
Total funding: $1.2m
This company has top investors
Leadership
Johannes Jaeckle
(CEO)Operations Manager and Managing Director of Segovia Technology UK from 2015 to 2019. CEO and Managing Director of Taptap Send from 2018 to 2019.
Dominic Kwok
(CTO)Experience as Data Scientist for Spotify and Facebook. Manager of Data Science for Revolut from 2019 to 2020.
Jamie Parker
(Co-founder)Experience as Founder of The Student White Tie Company from 2014 to 2016. Associate and Manager of AlphaSights from 2015 to 2020.