Finbots.AI, a Singapore-based and Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, announced that it raised a successful Series A round of $3 million.
This round saw the participation of a single investor – Accel, which marks the first external investment Finbots.AI has raised, and the first Southeast Asian investment Accel has made from its Fund VII.
With this funding, Finbots.AI will look towards accelerating product enhancement, marketing and sales, and customer support. The firm is also looking to recruit senior talent and expand its team across its offices with the fresh funds raised.
Company: FINBOTS AI Solutions Pte Ltd.
Raised: $3.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Accel
Additional Investors:
Company Website: https://finbots.ai/
Software Category: Financial Services
About the Company: Finbots.AI was founded in 2017 by Sanjay Uppal, Founder, and CEO, and Shripad Keni, Co-Founder, and CTO, a duo of experienced industry leaders equipped with knowledge and expertise within the financial industry. Finbots.AI develops innovative AI-powered solutions to aid financial institutions to overcome complex challenges and achieving revenue growth, enhanced risk management, and cost efficiencies. Finbots.AI aims to deliver transformative outcomes for financial institutions and the community at large. Finbots.AI currently has offices in key global hubs – Singapore, India (Hyderabad), and the United Arab Emirates (Dubai). The firm has ambitions to continue increasing its headcount to a total of 50 by the end of 2022 and expanding its footprint into the rest of Asia.
Source: https://finbots.ai/press-release/announcing-our-series-a-funding-of-usd-3-million-from-accel/