Fivvy is a SaaS platform that partners with traditional and digital banks to deliver personalized customer experiences and increase banks' revenue through data models and ML-driven analytics. Its smart-wallet features link financial products to advise users on reducible expenses, detect fraud across accounts, and recommend the best credit card for maximum benefits. The company primarily offers B2B solutions and plans to initiate operations with banks across Latin America using the recent funding. Fivvy previously ran a user-focused model test in the United States that produced over 20,000 downloads, indicating consumer interest ahead of its LatAm rollout. Founded in 2021 and headquartered in Miami, Florida, Fivvy targets banks that have lost competitive edge and aims to help them recover customer engagement and data-related revenue streams. The company will use the new capital to scale operations and partnerships with payment processors and financial institutions across the region.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2023