Arcfina, a new generation of credit portfolio management technology, has closed a pre-seed funding round of £335,000. The funds will be used to develop a Minimum Viable Product and onboard two or three beta clients prior to a second funding round planned for mid-2023.

Justin Sycamore, founder and CEO, says “I am delighted to have received this backing from the industry to support the project as we develop into the next phase. I look forward to working closely with the hedge fund managers already involved in the project over the coming months.”