Sensibill, a Toronto, Canada-based fintech company, secured $31.5m in Series B funding.
The round, which brought total funding raised to date to $46.5m, was led by Radical Ventures, with participation from the National Bank of Canada, Information Venture Partners and First Ascent Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2013 and led by Corey Gross, CEO, Sensibill provides digital banking solutions that enable relationships between financial institutions and their customers. The company’s AI-powered spend management tools allow customers to make sense of their purchase behavior and their cash flow, while getting access to revenue-driving insights for the banks that offer the solution.
Since their previous funding round, Sensibill’s employee count has more than doubled, they’ve opened an office in the U.K., and secured over 30 major bank partnerships in their target markets of the U.S., the U.K., and Canada. Among these notable brands is the Bank of Nova Scotia, Royal Bank of Scotland Group, and FIS.