Aveni, the UK’s leading AI fintech specialist for wealth management and financial advice, has raised £12 million in a round led by PXN Ventures, with continued backing from existing investors Puma Growth Partners, Lloyds Banking Group, Nationwide, and Scottish Enterprise. The Edinburgh-based company, founded as a University of Edinburgh spinout in 2018 and built on its proprietary FinLLM suite of financial services language models, will use the capital to develop its Unified Assurance Platform and launch Agent Assure and Agent Approve, purpose-built to assess the conduct risk of AI agents interacting with consumers in regulated financial services. Aveni is addressing a critical gap: while agentic AI adoption in financial services is accelerating, only 2% of firms report having adequate AI guardrails in place to ensure consistent consumer outcomes.

Lloyds and Nationwide-Backed AI Fintech Aveni Raises £12 Million