Fintec Labs

Fintec Labs

Empowering efficient premium collections with advanced machine learning routing for banking and insurance enterprises.

Founded 2015 Venture round Total: $95.00M Financial Services, Fintech +2

Fintec Labs, founded in 2015, operates in the financial services, fintech, banking, and machine learning industries. The company's slogan, "Empowering efficient premium collections with advanced machine learning routing for banking and insurance enterprises," reflects its main offering of a cost-effective routing engine for major banking and insurance enterprises in South Africa. This engine enables clients to collect premiums or subscriptions through the most efficient banking or alternative channels. Fintec Labs also boasts a proprietary machine learning module that predicts the best outcomes and implements changes through a series of action triggers. In December 2018, Fintec Labs secured a notable ZAR30.00M Venture Round investment from Absa group (Bank). This funding will likely further support the company's expansion and development efforts, particularly in scaling its advanced machine learning routing technology. The confidence shown by Absa group (Bank) through this investment underscores the potential and value Fintec Labs brings to the industry. It will be interesting to see how Fintec Labs utilizes this investment to solidify its position in the market and drive further innovation in the banking and insurance sectors.

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	ZAR30.00M	1	Absa group (Bank)	18 Dec 2018
Series B	ZAR35.00M	1	Fintec Ventures	15 Dec 2018
Series A	ZAR18.00M	-		01 Dec 2016
Seed Round	ZAR5.00M	-		15 Feb 2016
Seed Round	ZAR5.00M	1	Q4 Investments (Pty) Ltd	18 Nov 2015
Pre Seed Round	ZAR2.00M	2	Willem van Zyl, Daniel van Tonder	01 Aug 2015

Funding Stage

Amount

Investors

Lead Investors

Date

Venture Round

ZAR30.00M

Absa group (Bank)

18 Dec 2018

Series B

ZAR35.00M

Fintec Ventures

15 Dec 2018

Series A

ZAR18.00M

01 Dec 2016

Seed Round

ZAR5.00M

15 Feb 2016

Seed Round

ZAR5.00M

Q4 Investments (Pty) Ltd

18 Nov 2015

Pre Seed Round

ZAR2.00M

Willem van Zyl, Daniel van Tonder

01 Aug 2015

FAQ About Fintec Labs

Empowering efficient premium collections with advanced machine learning routing for banking and insurance enterprises.

Fintec Labs was founded in 2015.

Fintec Labs operates in Financial Services, Fintech, Banking and Machine Learning. Its work centres on Banking technology, Insurance technology, Machine learning and Premium collections.

Fintec Labs has completed 6 funding rounds, raising a total of $95.00M. The latest funding stage is Venture round.

Top alternatives and competitors to Fintec Labs include Planky, Cmind AI, CLARA Analytics, Ethos, Colektia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Fintec Labs and Planky are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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Funding Rounds & Investors (6)

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