OnFinance.ai clocks $1.05 million through a seed funding round
financialexpress.comOnFinance.ai, a provider of Generative AI SaaS solutions, has announced that it has raised a $1.05 million seed funding round led by Silverneedle Ventures and IAN. Reportedly, the funding round also saw participation from investors, including LetsVenture Fund, SSV Fund, and Kunal Shah (CRED), along with some angels.
According to an official release, OnFinance.ai will be using the money to expand its engineering team and to scale its solution globally, especially in the US. Currently comprising eight full-time team members, including Anuj Srivastava and Priyesh Srivastava, co-founders, the company is planning to extend its services to banks and wealth management firms based in the US and the UK.
“I believe Generative AI isn’t just innovative; it’s revolutionary, offering banks and wealth management firms an approach to their complex internal processes. Our product aims to solve exactly this; NeoGPT is like having a smart assistant that not only simplifies data but can also helps internal teams pave the way for smarter and efficient decision making,” Anuj Srivastava, co-founder and CEO, OnFinance.ai, commented on the funding round.
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