AI powered Finance platform Personetics secured $75 million in funding


Personetics, a global provider of data-driven personalization for banks and financial services, has now secured $75 million in growth funding.

Personetics is founded by David Sosna. It offers a proprietary Artificial Intelligence software platform for banks around the world. The platform helps analyze customer financial data and behavior in real-time, with the data staying safely inside the bank ecosystem so that all the confidential data is guaranteed.

Executive Opinion

David Sosna, CEO, and Co-Founder of Personetics, said, "The financial services industry is reaching a tipping–point in mobile adoption and setting a new standard in Smart Personalized Engagement. Personetics has set out down this path and has launched its vision of Self-Driving Finance. We are looking to quickly expand our global footprint with new partners and clients, and support our existing customers with innovative business solutions. We are very excited to be partnering with Warburg Pincus on this journey."

Peter Deming, Managing Director at Warburg Pincus and Head of Financial Services across EMEA, said, "Personetics leverages an unrivaled AI technology which is badly needed by established banks as they seek to differentiate themselves in a crowded market and match the customer experience of the Neobanks and FinTech apps. David and his team have built the perfect solution for the post-COVID banking distribution model and already secured a world-class client base. Through the combination of our financial backing and Warburg Pincus' extensive global network across financial services, Personetics can distribute its unique technology into banks all over the world."

Personetics' Latest Funding

The Warburg Pincus led the latest funding round. Other participating investors include Sequoia Capital, Lightspeed Ventures, and Nyca Partners.

The company's client base includes the world's leading banks such as RBC, Santander, Metro Bank, UOB, Hyundai Card, MUFG, and U.S. Bank. It has its offices across New York, Singapore, Paris, London, and Tel Aviv.

Personetics intends to use newly raise funds for the global expansion of its AI-driven personalization and engagement solutions for financial institutions
PC: Pablo, Unsplash

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)