VC-backed Arteria AI to buy H4’s financial services assets

Arteria AI has agreed to acquire certain financial services assets of H4, a London, UK-based contract lifecycle management platform.

Arteria AI has agreed to acquire certain financial services assets of H4, a London, UK-based contract lifecycle management platform. No financial terms were disclosed. Toronto-based Arteria AI, an enterprise digital documentation company, this year closed an $11 million Series A financing led by Information Venture Partners and Illuminate Financial Management.

PRESS RELEASE

Arteria AI set to acquire H4’s financial services business assets

London/ New York, 1 December 2021 – Arteria AI, an award-winning global leader in enterprise digital documentation, has agreed to acquire certain financial services assets of H4, an award-winning contract lifecycle management platform. As part of the agreement, H4’s Chairman and Co-founder Joe Seifert will join Arteria AI’s team as a senior advisor.

Shelby Austin, CEO of Arteria AI, said: “This is a very exciting time for our business as we set out to unleash the power of data to help global financial institutions solve their client documentation challenges at scale. Since spinning out of Deloitte we have continued on an incredible growth journey accelerated by the market’s clear preference for data-first solutions.”

“It is a strategic decision for us to acquire certain financial services assets of H4 to expand our reach and super-charge our efforts. Joe Seifert will bring invaluable experience and expertise to our team. We look forward to working together to provide an unrivalled, data-first client documentation solution for global financial institutions.”

Joe Seifert said: “Arteria AI and H4 cover most of the top-tier of the financial services market and it made perfect sense to join forces. Having spent time with Shelby and the team, I’m very excited that the combination will support Arteria AI’s position as a leader in digital documentation transformation across the global banking sector.”

Arteria AI works with the world’s largest banks to accelerate their client documentation processes at scale. From document generation through signature and beyond, Arteria uses context-specific AI, data, analytics and automation to ensure that stakeholders across the bank are able to serve their clients more quickly. This can be a key factor in driving additional revenue and minimizing risk and cost.

The company’s co-founders Shelby Austin, Abrar Huq and Jonathan Wong have more than 30 years experience within the documentation space and were leaders within the AI community prior to launching Arteria AI in October 2020. H4 will focus on its offering for the corporate market, outside of global banking. Rob Fagg, CEO, and Andy Byrne, COO, have agreed a management buyout of H4, continuing their roles and becoming co-founders of the new business. Joe Seifert will remain a minority shareholder in H4.

Media contact:
‍Damien Fletcher, Streets Consulting
e: damien.fletcher@streetsconsulting.com
m: +44 7520 644 318

About Arteria AI
Powered by data, Arteria AI is trusted by the world’s largest banks, spanning 10 countries in four continents, to transform client document processes at enterprise scale – working smarter and faster to save time and cut costs. Arteria AI’s client documentation solution removes the need for legacy processing entirely by combining structured data with AI, automating the full lifecycle to speed up decision making processes for all stakeholders with a highly intuitive front-end.

Built by subject matter experts, data scientists and technologists, Arteria AI’s solution unleashes the power of data to help global, regulated financial institutions solve client document complexity at scale. Adopting an innovative data-first approach, our AI-powered enterprise-ready Software-as-a-Service (SAAS) solution digitizes the paper-trail. For more information, please visit  www.arteria.ai.