Finbots.AI Raises USD 3 M from Accel India & SE Asia fund

Singapore-headquartered Finbots.AI, an Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, has raised a successful Series A round of USD 3 Million from Accel Fund VII (in the first SE Asia investment from the fund). Mahendran Balachandran, Partner of Accel India led the investment on behalf of the firm. Finbots.AI develops innovative AI-powered solutions to aid financial institutions overcome complex challenges and achieve revenue growth, enhanced risk management and cost efficiencies. With this fundraise, Finbots.AI will look towards accelerating product enhancement, marketing and sales, and customer support. The firm is also looking to recruit senior talent and expand its team across its offices with the fresh funds raised. Finbots.AI develops innovative AI-powered solutions to aid financial institutions overcome complex challenges and achieve revenue growth, enhanced risk management and cost efficiencies. Finbots.AI currently has offices in key global hubs – Singapore, India (Hyderabad) and the United Arab Emirates (Dubai).