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.

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."

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

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