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15 Mar 2020

UK Deal Flow Software Launches

UK Deal Flow Software Launches

Artificial intelligence (AI) powered deal flow platform mnAI has the UK with investment and acquisition markets in its sights.

According to the firm it has over 350 search parameters, so subscribers can use its proprietary technology to find online reputational, financial and combined credit scores.

John Cushing, mnAI’s CEO and Co-Founder, says: “From first-hand experience, I know how painful and time consuming it can be to identify companies for investment and acquisition. With mnAI we have created a technology platform that empowers decision making. We’ve ripped up the rule book, streamlining the entire process for identifying and understanding a target business from months to minutes.”

Keen to back its ambitions up more with stats, mnAI explains that it uses over 55 million financial records of UK companies from the last ten-year period.

It uses a combination of Bayesian mathematics (i.e. applying probabilities to statistical problems) and random forest modelling (a learning method for classification) to power predictive algorithms that allow users to determine future-based EBITDA and discounted cash flow (DCF) valuations.

mnAI uses a natural language keyword search engine as it views Standard Industry Classification (SIC) codes as “guess work”. In practice, this means users can search for exact keywords or phrases associated with the sector they’re looking into.

The stats aren’t over. The firm’s platform autonomously tracks 37.1 million director, shareholder, officer and persons with significant control (PSC) profiles in real time. These visual charts also track balance sheets, profit and loss, creditors, debtors, debt, shareholders, connections, contacts and introductions.

In terms of personnel profiles, Cushing has plenty of experience. For example, he is also an advisor for Silicon Valley Bank and worked as a mentor for TechStars.

The other co-founder is Andrew King, mnAI’s CTO. His experience includes UK human resource management and payroll services firm Ceridian.

Despite being a new face, mnAI already has some case studies on its website. These include Wharton School of Business and Nickleby Capital.