Key Stats
Name: Flybits
Sector: Contextual Data
Founder & CEO: Dr. Hossein Rahnama
Year of investment: 2019
Rounds: Series C
What they do
Flybits uses AI and contextual data to deliver personalised product recommendations for customers through their banking app. This includes integrating banking data with location, weather, phones status etc and ensures more meaningful insights are provided when needed.
Reinventure Backs Canadian Contextual Data Play Flybits – Westpac Wire
Flybits nabs $35M to Build Consumer Recommendation Engines for the Financial Sector – Techcrunch
Why we like them
Customer experience is paramount (we can see this with the rise of neobanks) making contextualised relevance an urgent bank requirement. Flybits has the best in class product for delivering this with strong traction among early adopting banks already.