CANADA – impak Ratings, a Montreal, Canada-based impact analysis and ratings fintech company, acquired Exerica, a London, UK-based fintech AI company.
The amount of the deal was undisclosed.With the acquisition, impak Ratings will expand its AI capabilities, and its market positioning in Europe.Led by CEO Maxim Miller, Exerica is a fintech company with proprietary AI that extracts and identifies the meaning and context of data in financial and extra-financial documents, eliminating the need for manual data entry. Launched in 2019 and led by CEO Paul Allard, impak Ratings is an augmented intelligence fintech company that offers impact analysis and ratings to the financial sector. Its standardized impact assessment methodology incorporates positive impacts and the double materiality approach, based on the standards of the Impact Management Project and the 17 United Nations Sustainable Development Goals. In addition, thanks to more than 3,700 enriched data points and its 1000-point scoring process, called the impak Score, impak analyses are contextualized, and can be compared with one another.07/11/2022
