AI-Focussed Fintech Startup Active.AI Raises $3 Mn In A Series A Follow-On Round

AI-Focussed Fintech Startup Active.AI Raises $3 Mn In A Series A Follow-On Round

SUMMARY

This takes the total funding raised by the AI-focussed fintech startup to $14.8 Mn

The investor group includes InnoCells, Kalaari Capital, Chiratae Ventures, and Vertex Ventures

Active.Ai has developed a conversational AI platform for the financial sector

Active.Ai has raised $3 Mn from InnoCells, the Barcelona-based innovation hub and corporate venturing vehicle of Banco Sabadell in a Series A follow-on round. Kalaari Capital, Chiratae Ventures (formerly IDG Ventures India) and Vertex Ventures also participated in the latest funding round. This takes the total funding raised by the AI-focussed fintech startup to $14.8 Mn.

This new investment will allow Banco Sabadell to streamline its cost structures by automating tasks, such as user queries, and designing interfaces that improve customers’ engagement. Also, it will help the fintech startup to further expands its international footprints.

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