While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. 

Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase. 

“AI is really changing the path,” Lisa Calhoun, founding managing partner at Valor Ventures, said at Fintech South 2024 in Atlanta last week 

At Valor, AI funding accounts for around 40% of deal flow, according to the venture capitalists’ AI Startups in the South H1 2024 report. 

AI is changing how her VC firm buys, sells, grows and learns — and that’s attracting investors, specifically in the southern states, she said, with the top three southern cities for AI fintechs being: 

• Atlanta; 

• Austin, Texas; and  

• Miami. 

The following AI-driven fintechs recently closed funding deals: 

• Agree.com, an e-signature and documentation solution provider, raised $3 million in pre-seed funding from Everywhere Ventures, Expedite Ventures and Trust Fund, on Sept. 6. 
• Palm, a treasury management service provider, raised $6.1 million from Speedinvest and Target Global on Sept. 5. 
• Compliance service provider Sedric AI raised $18.5 million on Sept. 5 from American Express Venture and Foundation Capital.  
• Business-to-business software-as-a-solutions provider Wurkzen Nexus raised an undisclosed amount from an undisclosed investor on Sept. 1. 

• Solutions provider for financial institutions Bollwerk AI raised an undisclosed amount in pre-seed funding from an angel investor on Aug. 12. 

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