Hyperplane wants to bring AI to banks

Key Points:

  • Hyperplane has secured a $6 million funding round led by former Stripe executive Lachy Groom and is focused on helping banks use their first-party data to create personalized customer experiences.
  • The startup, co-founded by individuals with AI and industry expertise, has already seen success with about a dozen banks in Brazil, with plans to expand to the U.S.
  • Their technology has shown a significant impact, such as increasing transaction volume by 46% for a neobank in Brazil and predicting customer behavior to reduce churn rates.

Summary:

Hyperplane, a San Francisco-based startup, has secured a $6 million funding round led by Lachy Groom, a former Stripe executive, and other prominent investors. The company focuses on helping banks utilize their first-party data to create personalized customer experiences by predicting user behavior. They aim to expand beyond the banking industry, although currently, they are working with about a dozen banks in Brazil and plan to expand to the U.S. The team, led by co-founders Felipe Lamounier, Daniel Silva, Rohan Ramanath, and Felipe Meneses, are leveraging their expertise in AI and extensive industry experience to develop personalization models for banks. Their technology has already shown significant impact, such as increasing transaction volume by 46% for a neobank in Brazil and predicting customer behavior to reduce churn rates.

DAILY LINKS TO YOUR INBOX

PROMPT ENGINEERING

Prompt Engineering Guides

ShareGPT

 

©2024 The Horizon