BHB Fund Makes Investment in Insights Platform FinGoal
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FOR IMMEDIATE RELEASE
Austin, TX - March 28, 2023 The Bankers Helping Bankers Fund (BHB Fund), a fintech venture capital fund managed by Latitude38 Venture Partners in partnership with the Independent Bankers Association of Texas (IBAT) and FedFis today announced it has made an investment in FinGoal, an insights platform focused on personalization in banking. |
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FinGoal’s innovative approach to personalized banking is designed to help community banks better know their customers and provide opportunities for increased wallet share. The FinGoal Insights Platform analyzes in-house transaction data to allow a community financial institution to better understand its customers and those customers with the right products and services recommendations at the right time with tailored marketing.
“As more community bank customers shift to a pure digital or digital first relationship, the community bank needs insights as to how to better serve their customers and reduce costs. FinGoal's platform uses powerful AI-based algorithms to analyze in-house transaction data to gain real-time insights on customer activity and leverages that intelligence to develop personalized product and service recommendations,” David Nohe, CEO of FinGoal states. “We are excited that the Bankers Helping Bankers Fund and other investment firms like Naples Technology Ventures (NTV) and K Street Capital are committed to our goal of bringing more personalization to banking.”
The Bankers Helping Bankers fund closed its initial funding round in February 2023. With the first close, the BHB Fund will initiate investments in Series A stage companies, like FinGoal, that solve “here and now” opportunities and challenges facing community banks. "Using data and analytics to gain a deeper understanding of a bank's customers is a critical pillar of our thesis at the BHB Fund. We are delighted to partner with David and the team at FinGoal to provide this powerful solution to the banking community," said Neeraj Vohra, Co-Managing Partner of the BHB Fund.
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB ecosystem includes access to capital, executive support with access to experts, a roadmap to navigate financial technology integrations, a direct connection to Fintech sponsor banks and a marketplace of community bank customers. It is the most complete end-to-end ecosystem for community bank-supportive technology companies. The BHB platform is free for bankers, reaching 75% of U.S. banks. For more information, visit: bankershelpingbankers.com
Media Contact:
Rachel Hernandez at [email protected].
“As more community bank customers shift to a pure digital or digital first relationship, the community bank needs insights as to how to better serve their customers and reduce costs. FinGoal's platform uses powerful AI-based algorithms to analyze in-house transaction data to gain real-time insights on customer activity and leverages that intelligence to develop personalized product and service recommendations,” David Nohe, CEO of FinGoal states. “We are excited that the Bankers Helping Bankers Fund and other investment firms like Naples Technology Ventures (NTV) and K Street Capital are committed to our goal of bringing more personalization to banking.”
The Bankers Helping Bankers fund closed its initial funding round in February 2023. With the first close, the BHB Fund will initiate investments in Series A stage companies, like FinGoal, that solve “here and now” opportunities and challenges facing community banks. "Using data and analytics to gain a deeper understanding of a bank's customers is a critical pillar of our thesis at the BHB Fund. We are delighted to partner with David and the team at FinGoal to provide this powerful solution to the banking community," said Neeraj Vohra, Co-Managing Partner of the BHB Fund.
About Bankers Helping Bankers
Bankers Helping Bankers (BHB) is a bankers-only social platform for collaboration and education. Through data tools and dynamic user groups, BHB provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking-as-a-service, becoming a sponsor bank, and launching a direct digital brand. The BHB ecosystem includes access to capital, executive support with access to experts, a roadmap to navigate financial technology integrations, a direct connection to Fintech sponsor banks and a marketplace of community bank customers. It is the most complete end-to-end ecosystem for community bank-supportive technology companies. The BHB platform is free for bankers, reaching 75% of U.S. banks. For more information, visit: bankershelpingbankers.com
Media Contact:
Rachel Hernandez at [email protected].
Source: FI FinTech Newsroom