OnFinance.ai, Bengaluru’s GenAI Startup, Secures $1.05M in Seed Funding Led by Silverneedle Ventures and IAN

• ByStartupStory     |    November 21, 2023

Bengaluru’s GenAI startup, OnFinance.ai, has successfully secured a seed funding round of $1.05 million. The investment was spearheaded by Silverneedle Ventures and IAN, with participation from LetsVenture Fund, SSV Fund, and notable angel investor Kunal Shah of CRED fame. These funds are earmarked to bolster the expansion of OnFinance.ai’s engineering team and to facilitate global scalability, with a sharp focus on penetrating the US market.

At the core of OnFinance.ai’s offerings lies NeoGPT, their financial Large Language Model (LLM). This technology is the bedrock for providing AI co-pilots tailored for research analysis, relationship management, sales, and customer success teams in banking institutions and asset management companies (AMCs). 

The strategic allocation of funds aims to cater specifically to the burgeoning demand for NeoGPT’s AI Co-pilots within the banking and wealth management sectors of the US and the UK.

With an eye on market dynamics, OnFinance.ai is actively strategizing its outreach to banks and wealth management firms in the US and the UK. The company’s NeoGPT AI Co-pilots have garnered significant interest in these regions, prompting the focused expansion effort.

In essence, OnFinance.ai’s successful funding round fortifies its aim to leverage NeoGPT’s capabilities, targeting a global market expansion, particularly concentrating on the US landscape.

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