Denki
Category: AI in Fintech
AI-powered platform that automates financial auditing and compliance for public companies and fintechs Denki was founded in 2025. The company is led by Felipe Jin Li. Based in London, United Kingdom. Team size: 1-10. Total funding raised: $4.1M. Latest round: Seed. Key investors include Base10 Partners, Shine Capital, Y Combinator, 20VC.
- Founded
- 2025
- Headquarters
- London, United Kingdom
- Team size
- 1-10
- Total funding
- $4.1M
Value proposition
Denki automates 99% of audit workflows (planning, testing, evidence collection, documentation) using AI, replacing manual sampling with continuous, data-driven assurance. Integrates with existing systems like AuditBoard, Workiva, and ERPs without rip-and-replace.
Products and solutions
Denki Assurance Platform: Evidence Automation (collects artifacts from ERPs, GLs, subledgers, payments), Control Testing (full-population precision tests with explainable AI), Documentation Intelligence (audit-ready workpapers with full traceability), Continuous Monitoring (ongoing control validation). Focused on SOX 404, BSA/AML, Dodd-Frank compliance.
Unique value
Full-stack AI-native audit automation (99% software, 1% services) that works on existing legacy systems, replaces manual sampling with continuous assurance, and provides explainable AI outputs rooted in PhD-level research — all while addressing the $290B annual audit compliance market facing a 75% CPA retirement cliff.
Target customer
Internal audit teams, CFOs, and compliance officers at pre-IPO and publicly traded companies; regulated fintechs
Industries served
Financial services, fintech, public companies (all industries subject to SOX/BSA-AML compliance)
Technology advantage
Explainable AI (rooted in CEO Felipe's UCL PhD research) ensuring regulatory trust vs. black-box alternatives; full-population testing vs. sampling; vision LMs + OCR for outlier detection across journal entries; seamless integration with AuditBoard, Workiva, ERPs, Jira; COSO framework mapping
How they differentiate
Unlike point-solution AI tools (MindBridge, DataSnipper) or configuration-heavy GRC platforms (AuditBoard, Workiva, ServiceNow), Denki offers full-stack AI-native automation that handles the entire audit workflow end-to-end — planning, testing, evidence collection, and documentation — with 99% software, 1% services. Its explainable AI (vs. black-box) is purpose-built for regulatory trust.
Main competitors
MindBridge (AI anomaly detection), DataSnipper (document reconciliation), AuditBoard (GRC platform), Workiva (financial reporting/compliance), Diligent HighBond (enterprise GRC)
Key partnerships
Integrates with AuditBoard, Workiva, ERPs (SAP, Oracle, NetSuite, Workday, Coupa), Jira, Y Combinator (Fall 2025 batch)
Major milestones
Founded 2025, Accepted into Y Combinator Fall 2025 batch, Raised $4.1M Seed round (March 2026) co-led by Base10 Partners and Shine Capital
Market positioning
Early-stage disruptor in the $290B annual audit compliance market, targeting the gap between legacy GRC incumbents and narrow AI point solutions. Positioned as the "automation layer" for internal audit teams at public companies and fintechs.
Geographic focus
US (primary, given SOX/SEC focus) and UK (where founders are based); future expansion to EU (GDPR, EU AI Act)
About Felipe Jin Li
Ex-McKinsey; PhD in Explainable AI at University College London; led product + mobile engineering at a GE-backed startup
Latest news about Denki
More AI in Fintech companies
Official website: https://denki.ai