September 9, 2020
BayernInnovativ is a subsidy program by the Bavarian ministry of economics which honors outstanding innovations and startups in Bavaria. Besides granting financial support, BayernInnovativ offers a network connecting research institutions, universities, technology networks, and other organizations to create a so-called “Thinktank” to further nurture Innovation and scientific progress.
Sinpex specializes in developing self-learning algorithms for data extraction in financial documents. Using NLP, structured and unstructured data sources are systematically analyzed for relevant information. The extracted information is 100% traceable and, providing experts a transparent basis for expert judgment. Sinpex uses the right mix of human involvement and artificial intelligence.
Sinpex received a financial grant for outstanding and innovative Startups by BayernInnovativ in September 2020.
Sinpex, a Munich-based start-up that providesautomated identification and compliance solutions, has won the second prize atthe renowned Fintech Germany Award in the Seed Stage category.
New Access and Sinpex establish a strategic partnership for simplified compliance processes
Sinpex successfully closed a €1.5m seed round. New investors are EquityPitcher Ventures and AI.Fund.