Aveni Raises £12M Series B

Aveni, an Edinburgh-based AI fintech company specializing in wealth management and financial advice, has secured £12 million in a new funding round. The investment will be used to accelerate the development of the company's Unified Assurance Platform and launch new solutions focused on AI agent safety in financial services.

Investors

The funding round was led by PXN Ventures. Additional support came from existing investors including Puma Growth Partners, Lloyds Banking Group, Nationwide, and Scottish Enterprise.

Aveni Use of Funds

The capital will be used to scale the development of Aveni's Unified Assurance Platform and facilitate the launch of the new Agent Assure and Agent Approve solutions, which are designed to assess conduct risk for AI agents interacting with consumers.

About Aveni

Founded in 2019 by Joseph Twigg, Jamie Hunter, and Professor Lexi Birch, Aveni provides an AI-driven platform for financial services. The company's technology includes FinLLM, a suite of proprietary small language models tailored for the UK financial sector, which powers tools for compliance monitoring and productivity for banks and wealth managers.

Funding Details

Company: Aveni
Raised: £12M
Round: Series B
Funding Date: June 8, 2026
Lead Investor: PXN Ventures
Additional Investors: Puma Growth Partners, Lloyds Banking Group, Nationwide, Scottish Enterprise
Company Website: https://aveni.ai
Software Category: AI Fintech
Source: https://www.fintechscotland.com/aveni-extends-market-leading-wealth-and-compliance-platform-into-consumer-agentic-ai-for-financial-services/