On October 22, 2018, Finn.AI completed a $14 million Series A financing round. The round was led by Yaletown Partners Inc. ("Yaletown") and Flying Fish Partners, with participation from new investors like BDC Capital’s Women in Technology Fund (WIT) and New York-based 1843 Capital. Additional investment was provided by angel investors, and lending facilities were provided by Comerica Bank.
The funding will allow Finn.AI to expand its enterprise tooling and extend its core product to support additional banking and personal finance capabilities for existing customers, which include ATB Financial, Bank of Montreal, Banpro Grupo Promerica, Commonwealth Bank, and Fidor Bank.
Yaletown Partners Inc., headquartered in Vancouver, Canada, is a venture capital firm specializing in early stage, growth stage and emerging growth companies at a post-startup growth stage.
Finn.AI, headquartered in Vancouver, Canada, is a conversational AI designed for banks to enhance customer experience by allowing customers to easily manage their money and improve financial literacy.
Osler, Hoskin & Harcourt LLP represented Yaletown with a team consisting of Shahir Guindi and Laura Webb (Corporate).