Finbots.AI, an Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, announced it has raised a successful Series A round of USD 3 Million. This round saw the participation of a single investor – Accel. India drives all of the global development and support for Finbots.AI which has its corporate headquarters in Singapore and a regional head office in Dubai.

With this fundraise, Finbots.AI will look towards accelerating product enhancement, marketing and sales, and customer support. The firm is also looking to recruit senior talent and expand its team across its offices with the fresh funds raised.

Commenting on the successful close of its Series A fundraise, Sanjay Uppal, Founder and CEO of Finbots.AI, said, “This new funding unlocks the next phase of growth for Finbots.AI. Financial institutions today need pathbreaking solutions to solve their complex challenges brought by legacy platforms. Tapping on AI-enabled solutions can help them transform exponentially. We are thrilled to have Accel as a partner in this journey, further cementing the potential and trust in our solution. Accel’s impressive track record with growth stage companies will be a key support for Finbots.AI. We have an enormous growth potential and I am excited for our journey to transforming financial services.”

Finbots.AI currently has offices in key global hubs – Singapore, India (Hyderabad) and the United Arab Emirates (Dubai). The firm has ambitions to continue increasing its headcount to a total of 50 by the end of 2022 and expanding its footprint into the rest of Asia.