Top 10 Startups developing AI for Financial Services

Updated: February 07, 2024

AI for financial services can help to analyze how customers holders spend, invest and make better financial decisions. AI also can help to manage trading.
1
Country: USA | Funding: $1.5B
Affirm is the financial company for everyday people that provides affordable ways to buy online that are more flexible and transparent than any other credit option. It uses machine learning algorithms for credit underwriting.
2
Country: Germany | Funding: $519.3M
Monedo uses machine-learning technologies to provide access to better credit for the underbanked.
3
Country: USA | Funding: $475M
HighRadius' platform aims to automate routing receivables and payments processes (such as predicting invoice payment dates, for example) across a variety of functions via AI and machine learning.
4
Country: USA | Funding: $350M
A Specialized Consulting, Research, & Training Agency offering Financial DSaaS (Data Science as a Service)
5
Country: USA | Funding: $300M
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
6
Country: USA | Funding: $286.6M
SparkCognition engages in developing AI-Powered cyber-physical software for the safety, security, and reliability of IT, OT, and the IoT. SparkCognition builds artificial intelligence solutions for applications in energy, oil and gas, manufacturing, finance, aerospace, defense, and security.
7
Country: USA | Funding: $200M
Afiniti enables the real-time, optimized pairing of individual contact center agents with individual customers in large enterprises. It provides its services to a range of sectors, including airlines, financial services, hospitality, insurance, politics, retail, satellite TV, social media, telecommunications, and utilities.
8
Country: South Korea | Funding: $169M
Qraft Technologies provides AI solutions customized for various uses and has specialties in AI investment solutions.
9
Country: USA | Funding: $144.1M
Upstart checks your education and job history and helps to understand more about your future potential, and allow you to get a lower rate for lending.
10
Country: UK | Funding: $138.8M
Cleo is a developer of an app and chatbot designed as a financial assistant.
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11
Country: USA | Funding: $128M
Vise AI is an artificial intelligence-driven asset management platform, built and designed specifically for the Financial Advisor of the future. The platform builds personalized portfolios and automates portfolio management, while providing key intelligence, enabling the financial advisor to focus on developing their clients and growing their business.
12
Country: Canada | Funding: $102.3M
Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional financial misstatements. Using the MindBridge AI Auditor, organizations across multiple industries can minimize financial loss
13
Country: UK | Funding: $102M
Bud develops an open banking platform that enables users to access data from any financial product.
14
Country: USA | Funding: $75M
Cape Analytics leverages machine learning and geospatial imagery to identify property attributes at scale allowing insurance companies to provide more accurate quotes.
15
Country: USA | Funding: $60.7M
Clinc develops intelligent personal financial assistant. Mobile, voice-activated, artificial intelligence platform enabling personal and instant answers for common or complex questions.
16
Country: UK | Funding: $59.4M
Eigen is a research-driven AI company specialising in NLP for businesses in finance, law and professional services. Eigen automates the extraction and classification of information from documents. Their simple, flexible Natural Language Processing (NLP) technology accurately extracts information from diverse types of documents at scale and can be integrated into our clients’ workflows.
17
Country: USA | Funding: $55.5M
Sentieo is an AI-powered financial research platform that develops and distributes a range of systems to its clients.
18
Country: France | Funding: €50.5M
SESAMm is a fintech company that specializes in big data and artificial intelligence for investment.
19
Country: USA | Funding: $47.9M
Vector.ai helps freight forwarders improve productivity via its AI platform
20
Country: USA | Funding: $47.4M
Kyndi is an artificial intelligence company building the first Explainable AI platform for critical government and commercial institutions. We transform business processes by offering auditable AI solutions. Our products exist because critical organizations cannot use 'black box' machine learning when they are required to explain the reason for any decision.
21
Country: South Korea | Funding: ₩58.8B
Fount is an asset management Robo-Advisor startup.
22
Country: UK | Funding: $41.5M
Ripjar is a data intelligence company that transforms global institutions ability to manage strategic risks. It uses AI that detects financial crime
23
Country: USA | Funding: $40M
CognitiveScale builds industry-specific augmented intelligence software for financial services, healthcare, and digital commerce markets. Augmented intelligence is a new class of technology, data, methods, and skills focused around a business-led portfolio of industry-optimized AIs.
24
Country: USA | Funding: $32.5M
Numerai transforms and regularizes financial data into machine learning problems for global network of data scientists. The stock market is inefficient with respect to new developments in machine learning — only a fraction of the world's data scientists have access to its data. Numerai is changing this.
25
Country: Israel | Funding: $25M
Skyline is a real estate technology platform that connects accredited global investors to US real estate opportunities.
26
Country: Singapore | Funding: $20.5M
Tookitaki provides a ML platform to build and optimise work flows for Financial Institutions primarily in the AML and Reconciliation Space.
27
Country: USA | Funding: $20M
Able uses artificial intelligence to expedite commercial loan processing.
28
Country: Singapore | Funding: $14.8M
Active.Ai has built an advanced, proprietary conversational AI platform that can be easily deployed for financial institutions, insurance companies and capital markets.
29
Country: USA
Omnity is focused on highly efficient knowledge discovery. It uses AI to search for the “combination” or “intersection” of Paper 1 and Paper 2.
30
Country: UK | Funding: $9M
Mosaic Smart Data, the fintech which provides real-time data for fixed income, currencies and commodities. It delivers the insight and real-time intelligence that FICC market participants need to increase business opportunities and meet regulatory requirements.
31
Country: USA | Funding: $7.7M
Merlon Intelligence services banks, helping them cut down on risk and put a stop to money laundering.
32
Country: China | Funding: $6.2M
Lingxi applies machine intelligence to financial services such as debt collection and insurance sales
33
Country: USA
Trade Ideas’ A.I. is a virtual research analyst that never sleeps and sifts through technicals, fundamentals, social media, earnings and more, across millions of possible trades every day to find the highest probability, risk appropriate opportunities.
34
Country: France | Funding: €3.3M
Lingua Custodia is the provider of VERTO, a SaaS-based, customizable machine translation software for the financial industry. The translation software is built using several statistical tables based on general language data and uses machine learning to train with the documents that were already translated to learn the industry-specific terminology.
35
Country: France | Funding: $1.7M
Walnut Algorithms is a technology firm focused on applying the latest advances in data science and machine learning research to the financial markets. It combines advanced machine learning techniques with financial expertise to generate absolute return investment strategies. We develop sophisticated trading models able to continuously learn and improve.
36
Country: USA | Funding: $325K
Datrics democratizes the creation of self-service analytics and machine learning solutions by providing an intuitive drag-n-drop interface.
37
Country: Taiwan | Funding: SGD25K
HiHedge is a developer of artificial intelligence stock trading software for business clients.
38
Country: Germany
Brainalyzed develops enterprise AI platform for the financial industry.
39
Country: USA
NuAIg bridges the gap between planning and implementation of AI and RPA. We help businesses to leverage the power of AI.