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Promising companies in generative AI for financial services

The field of generative artificial intelligence (AI) in finance is nascent and dynamic. Given the high levels of interest around AI, financial services companies, fintechs and others are keen to adopt AI technologies into their products and services. Any list of promising companies in the industry must therefore distinguish ‘announcements’ and ‘intentions’ from veritably deployed products and services that are being validated by the market. This list was compiled based on research into the team and investors of each company, as well as their partners and awards, current products and services, as opposed to those announced for the future, and publicly-available customer testimonials and case studies. In and of itself, revenue-to-date was not a criterion for exclusion.

Logo Vision Leader Insights
Company Logo Anthropic focuses on creating AI systems that are safe, interpretable, and controllable, aiming to integrate these technologies into financial services to ensure robust and ethical AI applications. Leader Dario Amodei CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 8456
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2021
WEBSITE, https://www.anthropic1.com/
INVESTORS, Amazon.com , Google, Menlo , Ventures
Company Logo Coreweave specializes in providing scalable and cost-effective cloud computing solutions optimized for machine learning and complex simulations, essential for financial services firms requiring high-performance computing resources. Leader Coreweave Co-Founder & CEO
SECTORS, Ai
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 11538
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2017
WEBSITE, https://www.coreweave.com/
INVESTORS, Fidelity Investments, Coatue Management, Altimeter Capital
Company Logo Cyera secures data across cloud environments in the financial services sector using AI to manage risks related to data misconfigurations, access controls, and sensitive data exposure, ensuring compliance and data protection. Leader Yotam Segev Co-Founder & CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 300
POST-MONEY VALUATION ($M), 1400
YEAR ESTABLISHED, 2021
WEBSITE, https://www.cyera.io/
INVESTORS, Coatue, Spark Capital, Georgian
Company Logo Databricks offers a unified data analytics platform that integrates data warehousing and machine learning, allowing financial services firms to efficiently handle large-scale analytics and collaborative data processing to drive innovation. Leader Ali Ghodisi Co-Founder, CEO & Director
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 4595
POST-MONEY VALUATION ($M), 43000
YEAR ESTABLISHED, 2013
WEBSITE, https://www.databricks.com/
INVESTORS, Tiger Global Management, Andreessen Horowitz, Nvidia
Company Logo Dataiku’s platform enables financial services firms to design, deploy, and manage AI and analytics applications at scale, fostering collaboration among various stakeholders to enhance data-driven decision-making. Leader Florian Douetteau Co-Founder & CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 983
POST-MONEY VALUATION ($M), 3700
YEAR ESTABLISHED, 2013
WEBSITE, https://www.dataiku.com/
INVESTORS, Wellington Management, Tiger Global Management, Iconiq Capital
Company Logo Utilizing AI, Dataminr analyzes public data streams in real-time to help financial institutions identify and respond to critical events and risks before they escalate, providing timely alerts on global incidents. Leader Ted Bailey Founder, CEO & Chairman
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1111
POST-MONEY VALUATION ($M), 4125
YEAR ESTABLISHED, 2009
WEBSITE, https://www.dataminr.com/
INVESTORS, Eldridge, Valor Equity Partners, MSD Capital
Company Logo DataRobot’s automated machine learning platform enables financial analysts and data scientists to rapidly build and deploy predictive models, enhancing credit risk evaluations and other financial services operations without deep programming knowledge Leader Debanjan Saha CEO & Director
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1120
POST-MONEY VALUATION ($M), 4896
YEAR ESTABLISHED, 2012
WEBSITE, https://www.datarobot.com/
INVESTORS, Tiger Global Management, Snowflake Ventures, Sapphire Ventures
Company Logo Fintern leverages AI to revolutionize consumer lending by offering personalized loan options based on comprehensive financial behavior, particularly beneficial for the financial services industry. Leader Gerald Chappell Co-Founder & CEO
SECTORS, AI
COUNTRY, United Kingdom
TOTAL AMOUNT RAISED ($M), 1659
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2020
WEBSITE, https://www.fintern.ai/
INVESTORS, West Coastal Capital
Company Logo Known for its leadership in natural language processing, Hugging Face provides tools that facilitate advanced text analysis and generation for financial services applications, enhancing customer interactions and data insights. Leader Clément Delangue Co-Founder & CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 4500
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2016
WEBSITE, https://huggingface.co/
INVESTORS, Salesforce, Google, Amazon
Company Logo OpenAI develops advanced AI technologies, including applications in financial services that enhance automation, customer service, and compliance through projects like GPT and DALL-E. Leader Sam Altman CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 11305
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2015
WEBSITE, https://openai.com/
INVESTORS, Microsoft, Khosla Ventures, Infosys
Company Logo By merging AI with quantum computing, SandboxAQ addresses complex problems in cybersecurity and optimization for the financial services sector, exploring quantumenhanced security solutions. Leader Jack Hidary CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1802
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2021
WEBSITE, https://www.sandboxaq.com/
INVESTORS, Breyer Capital, Eric Schmidt, Thomas Tull
Company Logo Scale AI offers high-quality training data essential for AI applications in the financial services sector, ensuring that machine learning models like fraud detection algorithms perform accurately and reliably. Leader Alexandr Wang CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1502
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2016
WEBSITE, https://scale.com/
INVESTORS, Accel, Y Combinator, Nat Friedman
Company Logo Skild’s AI-driven platform supports the financial services industry by managing innovation challenges and competitions, helping firms identify and develop new financial products and solutions in a structured environment. Leader Deepak Pathak Co-Founder & CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 300
POST-MONEY VALUATION ($M), 1500
YEAR ESTABLISHED, 2023
WEBSITE, https://www.skild.ai/
INVESTORS, Amazon.com, Bezos Expeditions, Carnegie Mellon University
Company Logo As a global software consultancy, Thoughtworks integrates AI and machine learning into custom software solutions for financial services firms, driving digital transformation and solving complex challenges in finance with agile development methodologies. Leader Michael R. Sutcliff CEO & Director
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 748
POST-MONEY VALUATION ($M), 4600
YEAR ESTABLISHED, 1993
WEBSITE, https://www.thoughtworks.com/
INVESTORS, Siemens, Fidelity
Company Logo Tradeshift is a cloud-based platform that digitizes trade processes for the financial services industry, enhancing supply chain payments, procurement, and compliance through AI-driven automation. Leader James Stirk CEO
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1887
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2009
WEBSITE, http://www.tradeshift.com/
INVESTORS, Koch Industries, IDC Ventures, LUN Partners
Company Logo VAST Data provides a revolutionary all-flash storage platform that supports highperformance applications in financial services, like AI-driven data analytics and real-time transaction processing, by overcoming traditional data access and handling challenges. Leader Renen Hallak Founder, CEO & Chairman of the Board
SECTORS, AI
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 356
POST-MONEY VALUATION ($M), 9100
YEAR ESTABLISHED, 2016
WEBSITE, https://www.vastdata.com/
INVESTORS, Fidelity Management & Research Company, New Enterprise Associates (NEA), BOND Capital
Company Logo Conversational AI platform for customer experience management for banks, using AI to understand and follow complex customer interactions, and assist customer service agents to enable improved customer experience. Leader Jon Newhard CEO
SECTORS,

Banking and finance: Front Office

  • Conversational finance and user queries
  • Personalised products
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 60
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2015
WEBSITE, https://clinc.com/
INVESTORS, National Science Foundation, Insight Partners, Hyde Park Venture Partners, DFJ Growth, Drive Capital
Company Logo AI powered-platform for customer support management with faster resolution times and lower cost of resolution for each customer support ticket. Works with leading financial service companies. Leader Deon Nicholas CEO/Founder
SECTORS,

Banking and finance: Front Office

  • Conversational finance and user queries
  • Personalised products
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 92
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2017
WEBSITE, https://forethought.ai/
INVESTORS, Y Combinator, Techstars, National Science Foundation, EASME, MassChallenge
Company Logo Conversational finance platform for customer management to engage with customers effectively, enhancing conversion rates at a lower cost of acquisition. Leader Aakrit Vaish CEO and Co-Founder
SECTORS,

Banking and finance: Front Office

  • Conversational finance and user queries
  • Personalised products
COUNTRY, India
TOTAL AMOUNT RAISED ($M), 7
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2013
WEBSITE, https://www.haptik.ai/
INVESTORS, Kalaari Capital, Times Internet, Vivek Kumar
Company Logo Offers feeback analysis for customer success management, using natural language reports, to analyse and present the important themes to increasing customer retention based on the urgency of the customer feedback language, customer tiers and churn risk. Leader Daniel Erickson CEO/Founder
SECTORS,

Banking and finance: Front Office

  • Conversational finance and user queries
  • Personalised products
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 11
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2020
WEBSITE, https://www.askviable.com/
INVESTORS, Bossanova Investimentos, Streamlined Ventures, Craft Ventures, Javelin Venture Partners, GTMfund
Company Logo Lucinity makes it simpler for compliance professionals to navigate the complexities of financial crime (FC) prevention, delivering AI based augmented intelligence to help FC teams operate with enhanced precision and insight. Works with leading financial service providers like SEON, Experian and Neterium. Leader Gudmundur Kristjansson CEO and Founder
SECTORS,

Banking and finance: Middle Office

  • Financial data extraction and report generation
  • Leading decision and risk management
  • Compliance and risk management
COUNTRY, Iceland
TOTAL AMOUNT RAISED ($M), 25
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2018
WEBSITE, https://lucinity.com/
INVESTORS, byFounders, Karma Ventures, Keen Venture Partners, Crowberry Capital, Experian
Company Logo QuantPi is an explainable AI platform that allows enterprises to achieve regulatory compliance. Works with leading organisations like NVIDIA and the German Federal Government. Leader Philipp Adamidis CEO and Co-Founder
SECTORS,

Banking and finance: Middle Office

  • Financial data extraction and report generation
  • Leading decision and risk management
  • Compliance and risk management
COUNTRY, Germany
TOTAL AMOUNT RAISED ($M), 3
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2020
WEBSITE, https://www.quantpi.com/
INVESTORS, Capnamic Ventures, First Momentum Ventures, Mirko Novakovic, Ash Fontana
Company Logo Provides AI-driven insights and automation for financial institutions for faster financial crime detection, identifying money laundering and preventing fraud. Works with leading financial service providers like HSBC, Nordics Financial and Cecabank. Leader Romesh Wadhwani Founder and Chairman
SECTORS,

Banking and finance: Middle Office

  • Financial data extraction and report generation
  • Leading decision and risk management
  • Compliance and risk management
COUNTRY, USA
TOTAL AMOUNT RAISED ($M),
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2017
WEBSITE, https://www.symphonyai.com/
INVESTORS,
Company Logo Database management platform that lets users update, explore and visualise data collaboratively, without needing to be an expert in database operations, using natural language programming (NLP) to translate human language into structured database queries. Leader Brandon Strittmatter CEO/Co-Founder
SECTORS,

Banking and finance: Back Office

  • Banking and Finance: Back office
  • Legacy software maintenance and modemisation
  • Regulatory requests automation
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 0.5
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2022
WEBSITE, https://outerbase.com/
INVESTORS, Y Combinator, Surface Ventures
Company Logo Uses AI to match job candidates with financial roles based on cognitive and emotional traits. It is a soft-skills platform focusing on hiring and talent management using data- driven behavioral insights and AI. Works with banks and asset management companies. Leader Frida Polli CEO and Founder
SECTORS,

Banking and finance: Back Office

  • Banking and Finance: Back office
  • Legacy software maintenance and modemisation
  • Regulatory requests automation
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 57
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2011
WEBSITE, https://www.pymetrics.ai/
INVESTORS, MassChallenge, Khosla Ventures, Salesforce Ventures, General Atlantic, BBG Ventures
Company Logo Platform for accounting and fraud detection using an AI driven accounts payable engine and integrated autonomous approval flows for financial back-office operations. Leader Alexander Hagerup CEO and Co-Founder
SECTORS,

Banking and finance: Back Office

  • Banking and Finance: Back office
  • Legacy software maintenance and modemisation
  • Regulatory requests automation
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 115
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2017
WEBSITE, https://www.vic.ai/
INVESTORS, GGV Capital, ICONIQ Growth, Costanoa Ventures, Cowboy Ventures, Connectivity Venture Fund
Company Logo The company utilises natural launguage programmng (NLP) and Al to extract insights from millions of documents across earnings, broker research, company documents, expert calls, and more to make smarter business decisions across a company's operational domains. Leader Jaakko Kokko Founder & CEO
SECTORS,

Investment and wealth management

  • Data extraction for business and clent management
  • Training
  • Portfilio management
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 593
POST-MONEY VALUATION ($M), 1800
YEAR ESTABLISHED, 2011
WEBSITE, www.alpha-sense.com
INVESTORS, EASME, BlackRock, Morgan Stanley, Innovation Endeavors, Bank of America
Company Logo Briink is building AI infrastructure to help sustainable finance workers understand ESG, providing advice on ESG data and reporting systems. Works with leading companies like Continental, LightRock and Coller. Leader Tomas van der Heijden CEO and Co-Founder
SECTORS,

Investment and wealth management

  • Data extraction for business and clent management
  • Training
  • Portfilio management
COUNTRY, Germany
TOTAL AMOUNT RAISED ($M),
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2021
WEBSITE, https://www.briink.com/
INVESTORS, Merantix
Company Logo An AI-powered platform that provides instant financing options for consumers. Leader Max Levchin Founder & CEO
SECTORS,

Banking and Finance

COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 1,421.74
POST-MONEY VALUATION ($M), 2900
YEAR ESTABLISHED, 2012
WEBSITE, https://www.affirm.com/
INVESTORS, Spark Capital, Founders Fund, GIC, Light Speed Ventures
Company Logo An AI-powered platform that provides affordable financing solutions for customers. Leader David Girouard CEO
SECTORS,

Banking and Finance

COUNTRY, USA
TOTAL AMOUNT RAISED ($M), 145.261
POST-MONEY VALUATION ($M), 10
YEAR ESTABLISHED, 2012
WEBSITE, https://ir.upstart.com/
INVESTORS, First Round Capital Management, LLC Khosla Ventures, LLC Rakuten Ventures Third Point Ventures L.P. Collaborative Fund
Company Logo Tailored for banking, excels in conversational AI tasks. Trained on real interactions, it provides fluent, coherent, and contextually relevant responses, automating customer service and enhancing efficiency in banks. Leader Zor Gorelov CEO
SECTORS,

Banking

  • Conversational finance and user queries
COUNTRY, USA
TOTAL AMOUNT RAISED ($M), $82.3M
POST-MONEY VALUATION ($M), N/A
YEAR ESTABLISHED, 2013
WEBSITE, https://kasisto.com/
INVESTORS, Oak HC/FT, Ten Coves Capital, Rho Ventures, Two Sigma Ventures, Propel Venture Partners, Partnership for New York City, Naples Technology Ventures, NCR Corp, FIS, Mastercard, Westpac, DBS Bank