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Autenti secures $4.48 mn from Alior Bank, BNP Paribas & PKO Bank Polski

Polish FinTech Autenti has announced a $4.48 million investment from three banks such as Alior Bank, BNP Paribas and PKO Bank Polski. Autenti provides a platform for electronic agreement signing and digital workflow of documents. The company states that it will utilise the funding to expand the scope of its e-signature solution, assist in the streamlining of banking-related processes and accelerate the internal documents workflow.

“The collective investment (in Autenti fintech) of three competing banks is a perfect example of a partnership where technology meets finance, thanks to which we may look into the future. In a few years, this type of solution will have been the market standard. Thanks to the electronic signature and circulation of documents, Alior Bank’s clients will profit from more convenient and faster access to our products and services, from anyplace around the globe. This is another investment with the participation of our corporate venture capital RBL_VC fund; it enables us to meet the digital revolution and create a new generation of banking,” said Krzysztof Bachta, CEO of Alior Bank.

Founded in 2014, Autenti offers solutions enabling signing any documents online, via any device with Internet access. The company has acquired over 250 business clients, as well as also sent documents to be e-signed to nearly 95,000 Poles.

“Since 2016, we have been supporting the solutions proposed by Autenti. As a startup at the time – the company won the first Polish edition of the BNP Paribas International Hackathon; during this event, Autenti proposed the software which streamlined the process of entering into banking agreements thanks to the exploit of an electronic signature. The development of paperless e-transactions is not just about convenience and security for clients. Tangible positive impact on the environment is also of extreme importance to us. Along with our partners, we wish to set and promote new standards within the Polish banking sector,” said Przemek Gdański, CEO of BNP Paribas Bank.

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