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£3.6m boost

Exizent receives biggest tech funding since lockdown

Founders: Nick Cousins and Aleks Tomczyk

Exizent, a Glasgow-based technology firm, has raised £3.6 million – believed to be the largest investment in a Scottish tech business since lockdown – to transform the way the legal and financial services industry deals with bereavement.

The company is building the first platform that connects data, services and the network of people involved when someone passes away.

It aims to make the process far less stressful for family members experiencing loss.

The company was founded by former Barclays Wealth veteran Nick Cousins and transformation and technology leader Aleks Tomczyk.

It has raised the new funding from several investors including FNZ, the global platform-as-a-service firm which reached unicorn status in 2018.  

Nick Cousins, founder and CEO, 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, said: “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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