FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Top 4 Fintech Raises: Treasure Data, Quantopian, Freespee, Active.ai

Grace NotobyGrace Noto
November 14, 2016
in Banking
Reading Time: 3 mins read
0
Share on Facebook

Quite a few fintech ventures received funding this week; though perhaps surprisingly blockchain is not an area featured on this list—perhaps with all of the recent blockchain proof-of-concepts that are running, investors and angels thought it was time to take a stronger look at artificial intelligence, big data, and other emergent areas.

This brings us to our top four fintech funding rounds of the week:

Treasure Data

Cloud-based big data analytics company Treasure Data just had a very good week, closing a Series C funding round with a total of seven investors at the brow-lifting price of $25 million. This brings the California-based company’s total funding amount to just over $60 million, at $60.05 million. Founded in 2011, the company’s goal is to simplify the process of managing big data—which, as we are all very much aware, is quite the process. Currently the company’s client list includes companies like Warner Bros and smartwatch company Pebble.

Quantopian

This online platform ties with Treasure Data, as this week it also raised a Series C funding round of $25 million, led by Andreessen Horowitz. The platform’s goal, to directly quote the company’s homepage, is “leveling Wall Street’s playing field” by allowing individuals to write their own investment algorithms. Certain users of the platform can then license their algorithms to Quantopian, which will then pay the “authors” based on the algorithm’s performance. Investors certainly seem to think its an intriguing approach to investing—VentureBeat referred to it as a “crowdsourced investment firm,” as what the company is really doing is picking the best algorithms out of thousands of other submissions based on performance.

Freespee

This London-based e-commerce company just closed a Series B of $10.28 million in a round with five investors, with the lead on the round being Ventech. The platform is described as a “conversation cloud” for e-commerce marketers, and works by putting communication—phone or text—into “its digital context.” Currently the company has offices across Europe, and works with brands and companies such as Marriott Hotels. The potential for application in ecommerce and fintech is interesting to think about, especially as some of the biggest problems in finance stem from miscommunication or poor communication systems—after all, fixing that issue is one of the biggest draws of blockchain. This latest funding round brings its total equity up to $17.25 million.

Active.ai

Fintech service Active.ai just closed its venture round of $3 million today; to fund its goal of helping banks and other financial services to provide chatbots for customer relations. This includes putting banking chatbots on Messenger, the current reigning platform for them: at the moment Messenger hosts about 34,000 bots. Active.ai seeks to provide chatbot technology to banks and other fintechs with the goal of better customer service in mind; definitely a worthy goal. Right now chatbots seem to be one of the most direct ways a company can use artificial intelligence in direct relation to the customer, a capability sure to expand as AI technology continues to progress.

Big data and AI technologies seem like the order of the week, as does cloud computing. One thing is for sure; if you’re a fintech investor, you’re certainly never going to be bored for long.

Tags: Active.aiartificial intelligence (AI)big dataCapital & Fundinge-commerceInvestingQuantopianSales & Marketingstartupsventure capital (VC)
Previous Post

Facebook Opens up Platform for Bot Developers

Next Post

Top 20 Bank Video Ads of 2016

Related Posts

agentic
Banking

Glia launches 25 AI agents for customer service

August 12, 2026
Courtesy/Canva
Banking

Northrim Bank taps Narmi for AI-powered digital banking

August 12, 2026
Banking

Kiro Money develops AI financial guidance tool with credit union

August 11, 2026
Next Post

Top 20 Bank Video Ads of 2016

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account