Glasgow-based technology firm Exizent has raised £3.6m in funding in its bid to transform the way the legal and financial services industry deals with bereavement.
The technology which aims make the process far less stressful for family members experiencing loss has seen one of the biggest funding rounds for some time.
In an era of digitised services, with more transparent and open access to information, Exizent is building the first ever platform that connects data, services and the network of people involved when someone passes away.
The company’s mission is to reduce uncertainty, increase speed and make the process far simpler for everyone involved.
It was founded by former financial services veteran Nick Cousins and transformation and technology leader Aleks Tomczyk.
Both have track records of building successful products and businesses, with Tomczyk having formerly been founder and CEO of boutique consultancy Arum, while Cousins was previously chief product owner in Barclays Wealth and Investments division.
The business has successfully raised £3.6m in funding from several investors including FNZ, the global platform-as-a-service firm which reached unicorn status in 2018.
Cousins who is CEO of Exizent, said: “Our personal experiences are what led to us to establish Exizent.
“We believe the administrative tasks facing families after the death of a loved one should be far easier, and that modern technology solutions and services can make this a reality.
“We have spent the last 18 months carefully designing, developing, and testing our product with innovative partners, and look forward to launching the platform to legal services professionals later this year.”
FNZ group CEO Adrian Durham said: “The Exizent team has already achieved an enormous amount and we are proud to support their vision of leveraging technology to make the bereavement process far easier for everyone involved. Exizent will also be joining the fast growing FNZ OpenPlatform App Store.”
Exizent’s platform will begin by helping legal services firms, working for executors, efficiently manage the process of completing and submitting probate applications, or confirmation as it is known in Scotland.
It will also make the process of gathering information about an estate easier by connecting third parties to automatically discover assets the person may have had, reducing the reliance on an executor to find and send physical documents.
