8.6 C
New York
Friday, May 7, 2021
Home Industry Banking chatbot developer Kasisto raises $22 million

Banking chatbot developer Kasisto raises $22 million

New York-based Kasisto is a conversational AI company that developed the banking “brain” KAI, and more generally is a technology provider that works with large institutions, including JPMorgan Chase, TD Bank, Emirates NBD Bank, DBS Bank, and Mastercard.

The new funding comes at a time of high growth in the conversational AI market, which is expected to grow from $4.2 billion in 2019 to astonishing $15.7 billion in 2024.

Kasisto was founded in 2013 and led by Zor Gorelov, it’s CEO. Kasisto mostly provides a digital experience platform for the financial services industry, which is engaging with millions of consumers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance.

Zor Gorelov, CEO, Kasisto

Zor comments: “Our digital experience platform, KAI, has been successfully deployed in production by leading financial institutions around the globe, and helps these organizations deliver truly humanizing digital experiences to their customers.”

He adds: “ The working capital will be used to build out sales and push the product deeper into new business areas, including corporate banking. ”

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Bunq exceeds €1 billion in user deposits

Dutch neobank bunq hits the billion mark in deposits and is offering German account numbers for the first time.

Leaked Revolut blog post announces Bitcoin withdrawal option

Revolut mistakenly announced that premium customers will be able to transfer Bitcoin (BTC) from the platform to external wallets.

Starling becomes second most switched-to bank in UK

Starling Bank has the most switched-to digital-only bank and the second most switched-to bank in the final quarter of 2020.

Lunar acquires Swedish Lendify

Danish Lunar Group acquires the Swedish loan and savings platform Lendify to strengthen the private loan business.