Claira (www.claira.io), a document intelligence fintech, has secured a strategic investment from Citi Spread Products Investment Technologies (SPRINT), the strategic investing arm of the bank’s Global Spread Products division.
Claira (www.claira.io), a document intelligence fintech, has secured a strategic investment from Citi Spread Products Investment Technologies (SPRINT), the strategic investing arm of the bank’s Global Spread Products division.
The new capital will support Claira’s product development and go-to-market strategy to accelerate digital transformation through the adoption of the company’s AI-powered technology to transform the document analysis process for finance and trading professionals.
Citi will collaborate with Claira to reinvent document intelligence and develop next-generation data analysis solutions to support its business, starting with municipal prospectuses and collateralised loan obligations (CLO).
Claira uses proprietary Natural Language Understanding (NLU) technology to unlock critical data insights embedded within financial agreements and delivers the data in a standardised format that’s readily usable for pricing, trading, risk and operational processes. Claira’s solution enables finance professionals to decipher legal contract language faster and more accurately so they can quickly negotiate complex agreements, reduce business risk and identify market opportunities faster.
