Responsive Raises CAD 3.5 Million in Series A  

by Kay Aloha Villamor in April 25th, 2022

Responsive, a Vancouver, BC-based fintech company that leverages machine learning to help financial advisors to better serve and engage investors, announced that it closed a $3.5 million (CAD) Series A round led by Co-operators. 

The investment will help the company expand to US and European markets, as well as commercialize their APIs and integrations to help advisory businesses and platforms rapidly adopt their solutions.

The company plans to use the investment to further its advances in AI-supported wealth management technology.

Company: Responsive Financial Technologies Inc.

Raised: CAD3.5M

Round: Series A 

Funding Month: April 2022

Lead Investors: Co-operators 

Additional Investors: 

Company Website: https://www.responsive.ai/

Software Category: Wealth Advisor Solution

About the Company:  Responsive is a hybrid wealth advisor solution for banks and private managers. Responsive provides productivity and insight solutions to advisor-led businesses that manage over $10B AUM. Responsive’s “Prioritize” tool enables advisors to focus on the most valuable actions and conversations to grow client wealth and trust. Responsive APIs and data tools help institutions innovate rapidly while maintaining platform flexibility and regulatory defensibility. Responsive’s Chief Science Officer, Logan Grosenick, is leading the development of the company’s machine learning-powered personalization engine. Responsive's mission is to help institutions scale better advice, to more clients.

Source: https://newsreleases.cooperators.ca/2022-04-19-Responsive-Closes-First-Round-of-Financing-with-Investment-from-Co-operators https://www.responsive.ai/blog/responsive-announces-strategic-financing

           




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