KredosAI, a trailblazer in leveraging human-centric AI for financial solutions, has successfully closed a significant funding round.
The investment was led by StartFast Ventures, with participation from a consortium of notable investors including SaaS Ventures, Stout Street Capital, Okapi Ventures, and Early Light Ventures. This round of funding marks another milestone following a previously successful round led by the Seattle-based SeaChange Fund.
The company is at the forefront of transforming how enterprises manage payments through its state-of-the-art AI SaaS platform. KredosAI distinguishes itself by employing strategies rooted in behavioral economics to enhance the customer experience. This innovative approach not only aids in retaining customers but also ensures a superior engagement for those falling behind on payments.
The influx of new capital is earmarked for several strategic initiatives. KredosAI plans to accelerate product development, expand its team, and pursue global expansion. This investment reflects confidence in KredosAI’s mission to improve payment behaviors and customer retention rates through its proprietary AI model.
KredosAI’s unique AI model is capable of learning from actual customer payment behaviors, allowing the platform to rapidly test strategies and scale operations. The platform has demonstrated the capability to deliver results in a significantly shorter timeframe compared to traditional systems. It offers a disruptive solution to a trillion-dollar issue by driving desirable customer behaviors and preserving the valuable relationship between service providers and their clients.
KredosAI co-founder and CEO Balaji Sridharan said. “We’re excited to work with StartFast Ventures and our other partners. They recognize our solution provides a truly disruptive approach, at scale, to a trillion-dollar problem.
“By using AI to rapidly learn how to engage with customers, we drive mutually agreeable outcomes that increase retention by avoiding negative customer outcomes. In addition, our platform is easier to implement, and we don’t over-charge our customers or lock them into contracts that cost them to get out – we are completely focused on customer satisfaction.”
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