Inicio AI, a Coventry-based FinTech company, has secured £2.6M in seed funding to transform how organisations assess affordability for customers, including for those in financial difficulty. This investment follows their recent victory in the OneToWin pitch competition at Birmingham Tech Week.

The funding round includes a £500,000 investment from the West Midlands Co-Investment Fund (WMCO), managed by Midven, part of Future Planet Capital, alongside £500,000 from Rigby Group PLC, £300,000 fron Haatch Ventures, and further investment from Morgan Stanley, Angel Academe, Mint Ventures and individual angel investors.