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15 up-and-coming AI-powered fintech startups, according to top VCs

Nov 29, 2024 - businessinsider.com
The article lists the top 15 AI fintech startups to watch, as nominated by 27 venture-capital investors. Despite a decrease in funding for the fintech sector, investors are optimistic about the potential of AI in the industry. The startups listed are using AI to streamline processes for both businesses and consumers, ranging from automating debt agreements and compliance processes to providing financial planning and analysis software.

Some of the promising startups mentioned include BeatBread, which uses AI to predict revenue potential for the music industry, Brico, which automates licensing applications and renewals for financial institutions, and Clerkie, which offers AI debt-automation software. Other startups like Iris Finance, Materia AI, and Novella are leveraging AI to offer financial planning, automate accounting workflows, and streamline insurance processes respectively.

Key takeaways:

  • Business Insider asked 27 venture-capital investors to nominate the most promising fintechs, with AI-based fintechs leading this year's series.
  • Total funding to fintechs fell last quarter, marking the lowest quarterly level since 2017, but the dealmaking drought could ease up in the next year due to softening antitrust scrutiny.
  • AI is a key area of interest for investors, with startups leveraging AI threatening to change the way people bank, invest, save, and work.
  • The article lists 15 of the most promising AI fintechs to watch, including BeatBread, Brico, Cascading AI, Clerkie, Comulate, Coris, Fintary, Greenlite, Iris Finance, Materia AI, Nilus, Noetica, Novella, Rogo, and When.
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