Introduction to Taktile

The automated logic behind many financial decisions, such as determining credit line approvals, is often hard-coded and difficult to modify. This can lead to inefficiencies, as changes to lending criteria, for example, may require IT involvement. Entrepreneurs Maximilian Eber and Maik Taro Wehmeyer, who met while studying at Harvard, experienced these limitations firsthand while working at QuantCo, a company that builds AI-powered apps for enterprise customers. In 2020, they decided to found Taktile, a startup aimed at making automated decisioning logic more self-service.

The Founding of Taktile

Wehmeyer, Taktile’s CEO, explained to TechCrunch that the idea for Taktile was born out of the realization that they were repeatedly building the same solutions. "We realized that we were building the same things over and over again, and decided to leverage our learnings to build a platform around it," he said. Taktile’s platform allows risk and engineering teams at fintech firms to create and manage workflows for automated decision-making, including experimenting with data integrations, monitoring predictive model performance, and conducting A/B tests.

Taktile’s Platform and Capabilities

The platform provides a range of features, such as the ability to anticipate the impact of changing the minimum age to apply for an account or to build workflows that automatically extract information from documents and recommend next steps for manual review. Taktile’s backend dashboard is a key component of this platform. Wehmeyer emphasized the significance of the company’s investment in its data layer, which enables users to build a comprehensive picture of their end customers across various decision moments.

Competition and Growth

While there is competition in the space, including companies like Noble and PowerCurve, Taktile appears to be experiencing rapid growth. The company’s annual recurring revenue grew 3.5x year-over-year in 2024, and its client base has expanded to include fintech companies like Zilch and Mercury. Wehmeyer attributed this success to the fact that legacy software is often outdated, and customers are seeking end-to-end solutions.

Funding and Future Development

This week, Taktile announced the closure of a $54 million Series B funding round, led by Balderton Capital and participated in by several other investors. This brings the company’s total raised to $79 million, which will be used to develop the product and build out Taktile’s enterprise sales organization. Wehmeyer noted that the funding round was not necessary from a financial perspective, but rather a response to strong investor demand due to the company’s growth in 2024. The funding will help Taktile continue to innovate and expand its presence in the fintech industry.