Personetics Technologies

bankingtechartificial intelligence/machine learningrpa

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 08/09/2020

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About

Personetics is the leading provider of customer-facing AI solution for financial services and the company behind the industrys first Self-Driving Finance platform. Harnessing the power of AI, Personetics Self-Driving Finance solutions are used by the worlds largest financial institutions to transform digital banking into the center of the customers financial life providing real-time personalized insight and advice, automating financial decisions, and simplifying day-to-day money management. Serving over 65 million bank customers worldwide, Personetics has the largest direct customer impact of any AI solution provider in banking today. Personetics now counts among its customers 6 of the top 12 banks in North America and Europe, as well as other leading banks throughout the world. Led by a team of seasoned FinTech entrepreneurs with a proven track record, Personetics is a rapidly growing company with offices in New York, London, Paris, Singapore, Tel Aviv and Nazareth. The company has been named a Gartner Cool Vendor, a Top Ten FinTech Company by KPMG, and a Top Ten Company to Watch by American Banker.

MEDICI Analysis

Personetics is helping over 15 million digital users of the world's leading financial institutions receive personalized, real-time, relevant guidance at each step along the customer journey. Accurately anticipating individual customer needs, the Personetics Predictive Analytics platform enables financial services providers to deliver a uniquely engaging digital experience that elevates customer satisfaction, affinity, and trust. Led by a team of seasoned FinTech entrepreneurs with a proven track record, Personetics was named to the KPMG FinTech 100 List as well as a 2014 Gartner Cool Vendor and a Top 10 Company to Watch by American Banker.

Focus

PRODUCTS & SERVICES

Engage - Personalized Guidance for the Financial Customer Journey Assist - Personalized Digital Self-Service for Financial Services Personetics Anywhere - A single chatbot solution for delivering personalized financial guidance and assistance on any messaging platform

REVENUE MODEL

The revenue Model for the company is software as service

MAIN CLIENTS

First International Bank Ally Bank

PRIMARY PROBLEM SOLVED

Our solutions provide financial institutions with AI-powered predictive analytics to digitally assist and guide their customers by accurately anticipating individual needs. Using the Personetics platform, financial institutions are able to deliver relevant and useful insight and advice that empower customers to better manage their day-to-day finances and reach their financial goals.

Traction

VALUATION / MARKET CAP:

$76.00 in 2015

REVENUE

$0 - $99k in 2014

ACTIVE USERS:

50,000,000

ACTIVE USERS COMMENT:

“Customer satisfaction with Assist’s interactive and intuitive assistance has been extremely positive, above and beyond anything we’ve ever seen with other self-service tools.”

TRACTION COMMENT:

Personetics Secures Multiple Multi-Million Dollar Agreements with Leading Global Financial Institutions

People

FOUNDERS

David Govrin

BOARD MEMBERS AND ADVISORS

Avi Zeevi

Shmil Levy

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Carmel Ventures

Lightspeed Venture

Lightspeed Venture Partners

Santander InnoVentures

Sequoia Capital

Sequoia Capital Israel

Viola Ventures

KEY EMPLOYEES:

Danny Vatnik (CTO)

Yishay Schwerd (VP R&D)

Momentum

FUNDED

YES

TOTAL FUNDING

$36 M

DATE OF LAST FUNDING

Jun 2019

FUNDING SERIES

SERIES A  · $6.5 M  · May 2011

SERIES B  · $11.5 M  · Jun 2013

SERIES C  · $18 M  · Feb 2013

LISTED

NO

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Personetics Technologies

About

Personetics is helping over 50 million digital users of the world's leading financial institutions receive personalized, real-time, relevant guidance at each step along the customer journey. Accurately anticipating individual customer needs, the Personetics Predictive Analytics platform enables financial services providers to deliver a uniquely engaging digital experience that elevates customer satisfaction, affinity, and trust. Led by a team of seasoned FinTech entrepreneurs with a proven track record, Personetics was named to the KPMG FinTech 100 List as well as a 2014 Gartner Cool Vendor and a Top 10 Company to Watch by American Banker.

Focus

PRODUCTS & SERVICES

Act - Automated Money Management. Take action on behalf of customers to help them reach their financial goals. Engage - Predictive insight and advice. Guide customers with AI-powered personalized insights and advice along the financial journey. Assist - Proactive conversational assistance. Engage and respond to customers anytime, anywhere with conversational knowledge-rich interactions.

REVENUE MODEL

The revenue Model for the company is software as service

TOP PROBLEM SOLVED

Our solutions provide financial institutions with AI-powered predictive analytics to digitally assist and guide their customers by accurately anticipating individual needs. Using the Personetics platform, financial institutions are able to deliver relevant and useful insight and advice that empower customers to better manage their day-to-day finances and reach their financial goals.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Customer facing

Traction

ANNUAL REVENUE:

$10M+

ACTIVE USERS/ACCOUNTS:

50,000,000 Million

ACTIVE USERS COMMENT:

“Customer satisfaction with Assist’s interactive and intuitive assistance has been extremely positive, above and beyond anything we’ve ever seen with other self-service tools.”

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

30

People

NUMBER OF EMPLOYEES

51-200

BOARD MEMBERS AND ADVISORS:

Avi Zeevi, Shmil Levy

INVESTORS:

Carmel Ventures

Lightspeed Venture

Sequoia Capital

Momentum

FUNDED

YES

TOTAL FUNDING:

$17.00

LISTED

NO

FUNDING SERIES
Series B
Apr 2013
USD18 M
Series C
Feb 2013
USD18 M