The investment fund of the Kazakh company EA Group has completed its first deal in Europe

The EA Ventures Plug and Play EMEA investment fund invested €150,000 in the British-Spanish AI startup Sax AI, which specializes in automating client onboarding for investment banks.

The amount contributed by Kazakh investors was €150,000, with the total round size reaching €1.5 million. Other participants included European venture funds Bynd and Athos Capital.

Sax AI is an autonomous artificial intelligence agent that replaces traditional Know Your Business employees and reduces labor costs by up to 90%. The startup focuses on processes related to mergers and acquisitions as well as lending in large banks. The solution integrates directly into the workflows of Front Officers and quality control managers, helping to improve operational efficiency while ensuring compliance with strict AML/CTF regulatory requirements.

The EA Ventures Plug and Play EMEA Fund was launched in Spain in spring 2025. The organization plans to invest between €150,000 and €500,000 in technology startups at stages from Pre-Seed to Pre-Series A, with access to the global Plug and Play ecosystem. Key investment areas include FinTech, AI, and other projects focused on cloud-based B2B solutions. The deal with Sax AI marked the fund's first investment and reflects its strategic focus on transforming the financial industry through technology.

Sax AI was founded in June 2024 and is based in London and Spain. The company is already in negotiations with banks in Europe and plans to use the raised funds to expand its team, develop its product, and prepare for a Series A round in 2026.

EA Ventures Plug and Play EMEA Fund is a venture fund established in 2025 by the Kazakh investment holding EA Group in partnership with Plug and Play Tech Center. The fund invests in early-stage AI, FinTech, and B2B SaaS startups in Europe, MENA, and Central Asia. Its goal is to support teams creating technological solutions for transforming highly regulated industries.