Porters, a pioneer in AI-powered banking operations automation, announced today it has raised €2.7 million in pre-seed funding to revolutionize how financial institutions manage critical backoffice processes. The funding round was led by Earlybird and included participation from Seedcamp, alongside notable contributions from leading fintech founders.
Automating сritical backoffice processes
The company’s platform targets major operational challenges that traditionally demand substantial human intervention. By combining AI technology with a specialized service approach, Porters helps banks and fintechs increase operational efficiency without adding staff. Initially, the platform will support financial institutions with account seizure and insolvency management workflows. The new funding will accelerate the development and expansion of additional backoffice solutions for its clients.
Porters enables banking teams to process regulated, time-sensitive tasks more efficiently. For instance, in account seizure cases, clients can handle larger volumes with consistent compliance, reducing the risk of financial losses or regulatory penalties. The platform prioritizes speed and enriched context, allowing internal teams to focus on exceptions instead of manual case handling.
"Banking operations have remained stubbornly manual despite decades of digitalization efforts," said Konstantin Kotulla, Co-Founder at Porters. "We're solving this by building an AI-native service that doesn't just automate tasks, but truly allows scaling without adding headcount. All while maintaining the resilience and compliance that financial institutions require. This funding accelerates our mission to redefine financial service operations for the AI era."
The funding round brought together fintech founders and investors familiar with the operational hurdles in financial institutions. Angel investors include Martin Kassing (Upvest), Alexandre Prot (Qonto), Lukas Zörner (Penta and Integral), and Adrien Treccani (Metaco). Additional investors include Casper Wahler (Hedosophia) and Jonathan Brander (Upvest, FNZ, Schröders), offering extensive experience in scaling regulated financial operations.
Backing from experienced investors
"Porters is tackling one of the most persistent pain points in financial services: operational complexity that scales exponentially with growth," said Tim Rehder, General Partner at Earlybird. "Their approach of building an AI-first, compliance-ready Banking Ops platform positions them uniquely to serve the most innovative financial institutions."
The Porters founding team combines deep expertise in developing and scaling regulated fintech products across Europe. Konstantin Kotulla previously led go-to-market and commercial strategy at Upvest, Europe’s top investment infrastructure provider. Christopher Barth developed Upvest’s product and managed integrations with regulated financial institution clients. Dr. Michael John, an ETH Zurich PhD and medalist, brings experience building applied machine learning systems and leading large-scale tech transformations at McKinsey.