Finn.ai, a Vancouver, Canada-based developer of an AI-powered virtual assistant for banking and personal finance, secured C$3m in its institutional financing.
The round was co-led by Yaletown Partners, Flying Fish Partners and John Livingston, former CEO of Absolute Software Corp., with participation from an angel syndicate comprised of senior technology and banking executives.
The company intends to use the funds to grow its team of data scientists, engineers and banking industry experts and support its continued expansion into the U.S. and global markets.
Founded in 2014 by CEO Jake Tyler, COO Natalie Cartwright and CTO Guru Atlu, Finn.ai provides a conversational platform for banks to engage with their customers. The company does it by leveraging a proprietary and domain-specific natural language understanding engine accompanied by a large banking and personal finance-specific language data model.
In conjunction with the funding, banking industry veteran Carrie Russell, previously Chief Marketing Officer at D+H (now Finastra) and SVP Retail Banking Products at TD Bank, joined as Strategic Executive Adviser supporting the company in developing and implementing the product roadmap and its market engagement approach.
Finn.ai recently announced a collaboration with ATB Financial, to make it available a full-featured personal banking assistant available through FB messenger to ATB’s 700,000 customers.