Notion invests £2m in IOCS

IOCS plans on using the funding to expand its team as customer demand grows. The company will also look at investing in new partnerships.

Company
Founded in 2009 and headquartered in London, IOCS has developed an e-commerce platform designed to allow online processing of complex, higher risk and higher value transactions or agreements that have traditionally been processed on paper, such as tenancy leases and insurance.

IOCS's end-to-end software-as-a-service offering allows for execution of contract entirely online and offers contract origination, process orchestration and evidence management solutions.

Clients include Hitachi, Bank of Ireland and BNP Paribas. The company claims to have processed more than £2bn of transactions over the last 12 months.

People
Abe Smith is the founder and CEO of IOCS. Notion managing partner Stephen Chandler has joined the company's board of directors.

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• Topics
• Technology
• Expansion
• UK / Ireland
• United Kingdom