South Africa based fintech AI developer FinChatBot has raised $122,250 in Series Seed funding from Richard Marsden, CEO and founder of Envision Risk. Launched in 2016, FinChatBot developed an AI-powered chatbot platform known as Holly, specifically for financial service and insurance providers.
Holly’s aim is to increase insurance companies conversion rate whilst also reducing call centre costs. Holly, which is available 24/7 days and can be integrated on any platform as it follows all marketing and design guidelines, ensures businesses are able to engage their customers in the way they enjoy the most; text. The startup has gained traction as some of its clients are top insurance companies operating in South Africa. The fresh funds, raised from Richard Marsden, founder and CEO of Envision Risk, will allow FinChatBot to further increase its client base, and also develop an even more sophisticated artificial intelligence platform.