Finbots.AI raises $3m for Asia growth

Finbots is a fintech startup. AI, a bank and financial institution-focused startup, has raised $3 million in a Series A investment from Accel to expand its footprint in Asia. Finbots is making its first external investment.

AI. According to a press release, the funds will be used to improve products, marketing and sales, and customer service, as well as attract senior talent and expand the company’s personnel. Finbots was founded in 2017 by Sanjay Uppal and Shripad Keni.

AI strives to provide solutions that will assist financial institutions in overcoming complicated challenges and achieving revenue growth, improved risk management, and cost savings.

“This funding unlocks the next phase of growth for Finbots.AI. Financial institutions today need solutions to solve their complex challenges brought by legacy platforms. Tapping on AI-enabled solutions can help them transform exponentially,” said Sanjay Uppal, founder and CEO of Finbots.AI.