Business

Exizent secures £3.6m investment to ‘revolutionise’ bereavement

Exizent, a Glasgow-based technology firm, has raised £3.6m in an attempt to help transform the way businesses deal with bereavement and make the process “far less stressful” for family members experiencing loss.

Exizent has revealed it is building the “first ever” platform that connects data, services and the network of people involved when someone passes away. The company added its mission is to “reduce uncertainty, increase speed and make the process far simpler for everyone involved”.

The company was founded by former financial services veteran Nick Cousins and transformation and technology leader Aleks Tomczyk. Both have track records of building successful products and businesses, with Tomczyk having formerly been founder and CEO of boutique consultancy Arum, while Cousins was previously chief product owner of Barclays Wealth and Investments division.

The business has successfully raised £3.6m in funding from several investors including FNZ, the global platform-as-a-service firm which reached unicorn status in 2018.

Cousins said: “Our personal experiences are what led to us to establish Exizent. We believe the administrative tasks facing families after the death of a loved one should be far easier, and that modern technology solutions and services can make this a reality.

“We have spent the last 18 months carefully designing, developing, and testing our product with innovative partners, and look forward to launching the platform to legal services professionals later this year.”

Adrian Durham, group CEO of FNZ added: “The Exizent team has already achieved an enormous amount and we are proud to support their vision of leveraging technology to make the bereavement process far easier for everyone involved. Exizent will also be joining the fast growing FNZ OpenPlatform App Store.”

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