Fintech startup Finbots.AI, a venture targeted at banks and financial institutions, raised $3 million in Series A from Accel to expand its footprints in Asia.
Finbots. AI is a Singapore Fintech Association-certified AI-envisioned FinTech. This is Finbots' first external investment. AI. According to a press release, the funds will be used to improve products, marketing and sales, and customer support, as well as to recruit senior talent and expand the company's team. The startup hopes to expand its workforce to 50 people by the end of 2022. According to Finbots, its feature ZScore provides financial institutions with better visibility into potential borrowers' credit capacity, which may lead to greater financial inclusion. AI.