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South Africa's FinanceGPT simplifies financial analysis, set to interface in local languages | TechCrunch

Sep 22, 2023 - techcrunch.com
FinanceGPT is an AI startup that assists companies with financial analysis tasks. Initially designed for startups and VCs in Africa, it has expanded its client base to include investment managers and finance officers globally. The company uses proprietary AI models and GPT-4 to generate financial ratios, predict future performance, and forecast valuations. It also provides a shareable financial analytics dashboard and text-based reports. The startup is currently developing FinanceGPT Patches, three lean language models designed to fill financial information gaps in emerging markets.

The company is also developing a financial voice assistant capable of delivering financial advisory services in some African languages. This will be available through its own digital channels and partner financial institutions targeting customers in rural areas. FinanceGPT has been a member of Nvidia Inception since October 2022, leveraging Nvidia's technology to unlock new generative AI applications for various industries.

Key takeaways:

  • FinanceGPT is a generative AI startup that helps companies with financial analysis tasks, including generating financial ratios, predicting future performance, and forecasting valuations.
  • The startup, which started by helping startups and VCs in Africa, has grown to attract a diverse range of clients including investment managers and finance officers globally.
  • FinanceGPT is currently developing three lean language models, including one proficient in native African languages, to fill financial information gaps in emerging markets.
  • The startup is also working on a financial voice assistant competent in some African languages to deliver financial advisory services, and has been a member of Nvidia Inception since October 2022, leveraging its technology.
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