OnFinance.ai Secures $1.05 Million in Seed Round Led by Silverneedle Ventures and IAN

• ByStartupStory     |    November 7, 2023

OnFinance.ai, a venture founded by graduates of BITS Pilani, has successfully raised $1.05 million in a seed funding round, with Silverneedle Ventures and IAN taking the lead as primary investors. The investment round also boasts participation from prominent entities such as LetsVenture Fund, SSV Fund, and notable angel investors, including Kunal Shah of CRED fame. 

This substantial infusion of capital will be utilized to bolster the company’s engineering team and expand the global reach of its financial AI solution, NeoGPT, with a special focus on the United States.

At its core, OnFinance.ai’s NeoGPT platform serves as a sophisticated financial Large Language Model (LLM), offering AI co-pilots tailored to support research analysis, relationship management, sales, and customer success teams within financial institutions, asset management companies, and wealth management firms. The platform is designed to streamline intricate internal processes and enhance data-driven decision-making, meeting the growing demand in the financial sector for expedited AI-based processes. 

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Guided by co-founders Anuj Srivastava and Priyesh Srivastava, the company is gearing up to expand its services to banks and wealth management firms not only in the United States but also in the United Kingdom.

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