DataWollet

DataWollet, based in Cardiff, UK, specializes in open finance solutions, offering businesses a seamless way to access customer financial data through a unified API for enhanced data management and customer service. Founded in 2022 in Cardiff, UK, DataWollet focuses on providing open finance solutions. The company has secured GBP 1. 3 million in funding, led by 1818 Venture Capital, with participation from Angel Academe and the Development Bank of Wales.

The firm has completed 1 deal to date, with its most recent deal occurring on March 9, 2026. DataWollet specializes in open finance solutions that enable businesses to seamlessly access and utilize customer financial data, including bank statements, payslips, and utility bills. Their core product offering is a unified API that consolidates various data sources into a single integration point, simplifying the data collection process for financial institutions and service providers. This technology allows clients—from mortgage brokers and credit unions to comparison sites and insurers—to enhance customer onboarding experiences by reducing manual data entry and improving accuracy.

DataWollet's services are designed for the UK market but are also adaptable for other regions seeking to leverage open banking capabilities. By offering a comprehensive data access solution, DataWollet aims to unlock significant efficiencies and insights for its diverse client base. DataWollet generates revenue through a subscription-based model, where clients pay for access to its data integration services via the open finance API. The company's transaction structure supports B2B relationships, providing tools and resources for organizations to improve their customer engagement and data handling processes.

Clients may subscribe to various pricing plans based on their specific needs and the volume of data processed. The flagship services include accurate data extraction and document verification capabilities, which are crucial for financial assessments. This pricing structure allows clients to streamline their operations while enhancing the quality of service they provide to their end-users. In March 2026, DataWollet raised GBP 1.

3 million in pre-seed funding to expand its commercial operations, build partnerships, improve its technology platform, and develop its neuro-symbolic AI for market launch. The company is targeting product launches and enhancements in the coming year, with plans to enter additional markets beyond the UK, aiming for expansion into Europe and other regions by late 2026.