Banking and personal finance virtual assistant Finn.ai has netted a $3m financing round to support US and global expansion.
Backers to the round included Yaletown Partners, Flying Fish Partners and former Absolute Software CEO and chairman John Livingston. Alongside these investors was an unnamed angel syndicate.
Finn.ai is am AI-powered virtual assistant built to help customers improve their customer engagement. The assistant allows consumers to set up automatic payments, reminders for recurring bills, or complete one-off P2P payments.
Other offerings from the company include the ability to track budgets, human support and product recommendations based on customer use.
This capital injection will be used to increase its staff numbers of data scientist, engineer and banking industry experts. Funding will also be deployed to support the company’s expansion in the US and other global markets.
Following the investment, Carrie Russell has joined Finn.ai as strategic executive adviser.
Russell said, “The banking industry faces a real challenge in this new digital paradigm and needs to move beyond transactional banking to build deeper, more personal relationships with customers. I believe Finn.ai is the right partner to do this, acting as a proactive virtual assistant to help customers understand, plan and take action to improve their financial lives.”
The company has recently completed a partnership with ATB Financial to make a personal banking assistant available through FB messenger.
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