Duco
AcquiredAI Data Automation for Financial Markets
London, United Kingdom · Founded 2010 · $28.0M raised
- Headquarters
- London
- Employees
- 51–200
- Founded
- 2010
- Business Model
- B2B
- Website
- du.co
- Total Funding
- $28.0M
- Last Round
- $28.0M Growth EquityJan 2018
- Rounds
- 1
About
Duco is an AI-powered data automation company built for financial services firms. Founded by computer science and capital markets experts, Duco developed the industry's first cloud-native, no-code reconciliation solution to break the bad data cycle that has held financial services back for decades. Its platform automates data extraction, classification, transformation, reconciliation, validation, exception management, and publication — handling any data regardless of source or format, including unstructured data such as PDFs and emails. Over 150 financial institutions including 15 tier-one banks rely on Duco to ensure data accuracy, control costs, and maintain operational agility. In 2024, Duco significantly expanded its AI capabilities through the acquisition of Intelligent Document Processing innovator Metamaze. The platform processes billions of lines of data every two days and supports key financial workflows including T+1 settlement reconciliation.
Summary
Duco is a company based in London, United Kingdom, founded in 2010. It has raised $28.0M in total across 1 round, most recently a $28.0M Growth Equity round in Jan 2018. Investors include Insight Partners, Eight Roads Ventures and Cristóbal Conde.
Tech & App Stack
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Funding History
Jan 2018
