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.

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