OpenFi Secures £500,000 for Conversational AI Advancement

OpenFi, a pioneering conversational AI platform focused initially on fintech and financial services, has successfully raised £500,000 in a pre-seed funding round.

• Who’s In: Bijan Morvaridi led the funding round, supported by Fortune Green Capital Ltd and Foundation Ventures Ltd.

• Game Plan: Funds will expand the product team, develop the platform’s second version, integrate with a UK financial institution, and ensure compliance with FCA AI regulations.

• Technology Overview: OpenFi's SalesTalkAI uses natural language processing on WhatsApp, email, and social media to streamline lead management, enhance sales efficiency, and boost client renewals autonomously.

• Industry Impact: Within nine months, OpenFi significantly boosted conversion rates and revenue for a mortgage brokerage.

With substantial investor support and promising early achievements, OpenFi is poised to lead innovation in AI-driven customer service solutions.