A seed round led by Silverneedle Ventures and IAN has raised $1.05 million for OnFinance.ai, a provider of generative AI SaaS solutions. Together with a few well-known angel investors, prominent investors Kunal Shah (CRED), LetsVenture Fund, and SSV Fund participated in the funding round.
According to a press release, OnFinance.ai will use the funds to grow its engineering team and scale its solution internationally, with a focus on the US.
OnFinance.ai, which was co-founded by Anuj and Priyesh Srivastava, provides AI co-pilots to teams in banking institutions, asset management companies (AMCs), and wealth management firms for use in research analysis, relationship management, sales, and customer success.
NeoGPT, OnFinance.ai’s proprietary LLM, combines multiple data sources to deliver quick, precise financial insights. NeoGPT simplifies and improves financial operations by replacing several antiquated AI models. Clients can implement NeoGPT without having to change their current tools.
Due to the high demand for their NeoGPT AI Co-pilots in the US and the UK, the Bengaluru-based company is actively planning to expand its services to banks and wealth management companies in these regions.
