Cygnetise offers a blockchain-based platform that enables users to manage and share data on authorized signatories with third parties, like banks, in real time. Users can select the fields that are required and the type of data used (such as drop-down selections, free format, or numerical) and onboard their signatories onto the platform. Furthermore, Cygnetise enables users to customize their validation controls to ensure compliance practices are met when updating the signatory details.
The company claims that it saves companies over 90% of the time spent on manual and paper-based tasks.
Key customers and partnerships
As of September 2023, the company served a number of enterprise customers, including PWC, Societe Generale, Willis Towers Watson, Charles Schwab, ADNOC, and SEI.
Funding and financials
In September 2023, Cygnetise raised GBP 2.5 million (USD 3.1 million) in a pre-Series A funding led by Adjuvo to add to its sales and tech teams and expand across new international markets.
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