Wednesday Jan 06, 2021
Tookitaki: creating a new product category in financial & regulatory compliance
Abhishek Chatterjee is the CEO at Tookitaki – a disruptive AI scaleup looking to shake up the world of financial and regulatory compliance.
Tookitaki raised $20m in funding from the likes of Viola, Nomura and Illuminate Financial - and they’ve deployed their solution at a number of Tier 1 banks in Asia, Europe and North America.
In 2019, The World Economic Forum recognised Tookitaki as a Technology Pioneer for its ability to shape the industry and society in new and exciting ways.
We explored how Tookitaki is creating a modular "compliance-as-a-service" category along with an ecosystem of partners leveraging their open APIs
And we discussed the important role Tookitaki's culture had played in the growth of the company and their successful engagement with demanding clients.
Some of the key learnings Abhishek highlighted were:
- You must set-up metrics from the earliest stages in a company’s evolution so you can track, measure and improve
- Product-market fit is not fixed - it's a continuous journey, hence you need to keep talking to your customers and evolve your products over time as your customer needs evolve
- It's crucial to focus on a winnable segment – define and build your beachhead, then double down
For more insights into Tookitaki check out https://www.tookitaki.ai and for guidance on recruiting stellar leaders for B2B startups and scaleups head over to https://alpinasearch.com
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