Ballsbridge fintech company Bankhawk Analytics has completed its fifth fund-raising round using the Employment and Investment Incentive scheme, raising €165,000 from five investors. The funding brings to €1,150,000 the company has raised from private investors using EII.

Established by Brian Weakliam and Joe Weakliam in 2007, Bankhawk has also sourced €300,000 from taxpayers through Enterprise Ireland. Trinity College Dublin, with an annual budget of around €300m, used the product to identify savings worth €420,000.

The Bankhawk365 solution is cloud-based software that integrates with ERP and management information systems. As well as analysing banking costs, the software produces very accurate cashflow forecasts.

The investors in the latest EII round, which completed in December, were Joseph Davy, Roger Conan, Vincent Sheridan, Shane Cooke and Michael Moriarty.

Bankhawk Ltd booked a loss of €260,000 in 2014, bringing accumulated losses to €520,000. Net worth at year-end was €183,000.

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