Startups are using AI to improve and expand credit offerings, insurance options, personal finance services, and regulatory software.

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Funding to AI startups reached record highs in 2016 and applications for artificial intelligence technologies exist across nearly the entire spectrum of business. Highlighted here are the top 100 AI startups selected by CB Insights operating across numerous industry verticals.

Using the CB Insights database, we expanded upon our AI 100 analysis to identify companies that use AI in financial services and mapped them according to the areas where they’re operating. In broad terms, our analysis includes companies whose core offering includes the application of AI to serve the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting & personal finance, as well as regulatory & compliance services. In addition, many of these companies have additional use cases beyond financial services.

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Click on the image to enlarge. Note: The market map is not meant to be exhaustive of companies in the space. AI in FinTech Market Map Image3 Companies on the market map fall into 9 main categories:

Credit Scoring / Direct Lending: Companies in this category use AI for robust credit scoring and lending applications. Notable companies include Affirm and ZestFinance.

Assistants / Personal Finance: Companies in this category rely on an AI chat bot and mobile app assistant applications to monitor personal finances. Notable companies include Digit and Kasisto.

Quantitative & Asset Management: Companies in this category employ AI algorithmic trading and investment strategies or tools. Notable companies include Sentient Technologies and Numerai.

Insurance: Companies in this category use AI to quote and insure. Notable companies include Lemonade and Cape Analytics.

Market Research / Sentiment Analysis: Companies in this category use AI to efficiently research and measure sentiment. Notable companies include Dataminr and Alphasense.

Debt Collection: Companies in this category use AI to improve creditor collection of outstanding debt through personalized and automated communication. TrueAccord and CollectAI are included in this list.

Business Finance & Expense Reporting: Companies in this category use AI to improve basic business accounting, including expense reporting. Notable companies include AppZen and Zeitgold.

General Purpose / Predictive Analytics: Companies in this category use AI for general purpose semantic and natural language applications as well as broadly applied predictive analytics. Notable companies include Opera Solutions and Kensho Technologies.

Regulatory, Compliance, & Fraud Detection: Companies in this category use AI to detect fraudulent and abnormal financial behavior, and/or use AI to improve general regulatory compliance matters and workflows. Notable companies include Trifacta and Digital Reasoning Systems.


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AI in Fintech

145 items



Below is a table of the companies included in the market map:

AI in FinTech Private Company List
Company Select Investors Category
Active.ai IDG Ventures India, Kalaari Capital, Microsoft Accelerator Assistants / Personal Finance
Change Labs Nielsen Innovate Assistants / Personal Finance
Clarity Money Bessemer Venture Partners, Citi Ventures, RRE Ventures Assistants / Personal Finance
Cleo Alex Chesterman, Entrepreneur First, Niklas Zennstrom Assistants / Personal Finance
Clinc eLab Ventures, Hyde Park Venture Partners, National Science Foundation Assistants / Personal Finance
Digit General Catalyst, Google Ventures, Ribbit Capital Assistants / Personal Finance
Homebot 500 Accelerator Assistants / Personal Finance
Kasisto FinTech Innovation Lab, HBS Alumni Angels Association, Two Sigma Ventures Assistants / Personal Finance
MoneyLion Edison Partners, FinTech Collective, Macquarie Group Assistants / Personal Finance
Penny App Social Capital, Y Combinator Assistants / Personal Finance
Personetics Technologies Lightspeed Venture Partners, Santander InnoVentures, Sequoia Capital Israel Assistants / Personal Finance
Trim ENIAC Ventures, Sound Ventures, Version One Ventures Assistants / Personal Finance
AppZen 500 Accelerator, Bloomberg Beta, Silicon Valley Bank, Business Finance & Expense Reporting
Fyle Technologies BEENEXT, Joydeep Sen Sarma, Phanindra Sama Business Finance & Expense Reporting
NetChain Squared N/A Business Finance & Expense Reporting
Wint Collector, Lena Apler, Stefan Alexandersson Business Finance & Expense Reporting
Zeitgold Battery Ventures, Holtzbrinck Ventures Business Finance & Expense Reporting
Affirm Andreessen Horowitz, Founders Fund, Lightspeed Venture Partners Credit Scoring / Direct Lending
Aire Barclays Accelerator, Peter Jackson, SparkLabs Global Ventures Credit Scoring / Direct Lending
Applied Data Finance Colchis Capital, Victory Park Capital Credit Scoring / Direct Lending
Argon Credit Princeton Alternative Funding Credit Scoring / Direct Lending
Avant Kohlberg Kravis Roberts & Co., Peter Thiel, RRE Ventures Credit Scoring / Direct Lending
Creamfinance Flint Capital Credit Scoring / Direct Lending
CreditVidya Kalaari Capital, Siddharth Parekh Credit Scoring / Direct Lending
Float 500 Accelerator, Camp One Ventures, Commerce.Innovated. Credit Scoring / Direct Lending
Habito Ribbit Capital, Taavet Hinrikus, Yuri Milner Credit Scoring / Direct Lending
James Kickstart Accelerator, Kima Ventures, Money 20/20 Credit Scoring / Direct Lending
Naborly Harris Barton, Picus Capital, ScaleUp Ventures Credit Scoring / Direct Lending
Upstart Eric Schmidt, First Round Capital, Founders Fund Credit Scoring / Direct Lending
WeCash FinTech Innovation Lab, IDG Capital Partners, SIG Asia Investments Credit Scoring / Direct Lending
ZestFinance Baidu, Fortress Investment Group, Lightspeed Venture Partners Credit Scoring / Direct Lending
CollectAI N/A Debt Collection
TrueAccord Homebrew, Khosla Ventures, Max Levchin Debt Collection
Anodot Aleph, Disrupt-ive General Purpose / Predictive Analytics
Ayasdi Centerview Capital, Citi Ventures, DARPA General Purpose / Predictive Analytics
CognitiveScale IBM, Intel Capital, Microsoft Ventures General Purpose / Predictive Analytics
Context Relevant Bank of America, Bloomberg Beta, Goldman Sachs General Purpose / Predictive Analytics
H2O.ai Ash Bhardwaj, Capital One Growth Ventures, Michael Marks General Purpose / Predictive Analytics
Kensho Technologies Accel Partners, Bank of America Merril Lynch, Google Ventures General Purpose / Predictive Analytics
Lucena Research Flashpoint General Purpose / Predictive Analytics
Narrative Science Battery Ventures, FinTech Innovation Lab, In-Q-Tel General Purpose / Predictive Analytics
Numenta Ed Colligan, SkyMoon Ventures General Purpose / Predictive Analytics
Opera Solutions Accel-KKR, Enlightenment Capital, Silver Lake General Purpose / Predictive Analytics
SmartZip Analytics Claremont Creek Ventures, Crest Capital Ventures, Intel Capital General Purpose / Predictive Analytics
Cape Analytics Data Collective, Formation 8, Khosla Ventures Insurance
Captricity Founders Fund, Greylock Partners, Social Capital Insurance
Cyence Institutional Venture Partners, New Enterprise Associates Insurance
Lemonade General Catalyst, Google Ventures, Sequoia Capital Israel Insurance
RiskGenius Plug and Play Accelerator Insurance
Shift Technology Accel Partners, Elaia Partners, Iris Capital Insurance
Tractable Ignition Partners, Zetta Venture Partners Insurance
Understory Monsanto Growth Ventures, RRE Ventures, SK Ventures Insurance
Zendrive First Round Capital, Sherpa Capital, Tim Ferris Insurance
Acuity Trading Jenson Funding Partners Market Research / Sentiment Analysis
AlphaSense First Fellow Partners, Quantum Strategic Partners, Soros Fund Management Market Research / Sentiment Analysis
Dataminr Fidelity Investments, Goldman Sachs, In-Q-Tel Market Research / Sentiment Analysis
Descartes Labs Correlation Ventures, Crosslink Capital, Cultivian Sandbox Market Research / Sentiment Analysis
FeedStock Illuminate Financial Management Market Research / Sentiment Analysis
Indico Data Solutions Boston Seed Capital, General Catalyst, Two Sigma Ventures Market Research / Sentiment Analysis
Orbital Insight Bloomberg Beta, Google Ventures, Sequoia Capital Market Research / Sentiment Analysis
Signal Media Frontline Ventures, Hearst Ventures, Jon Moulton Market Research / Sentiment Analysis
iSentium David Heller, Marc Spilker Market Research / Sentiment Analysis
AIM DT&Investment, Seoul Business Agency, Soorim Partners Quantitative & Asset Management
Aidyia Limited N/A Quantitative & Asset Management
Algoriz Y Combinator Quantitative & Asset Management
Alpaca Archetype Ventures, Bip Systems, D4V Quantitative & Asset Management
Alpine Data Labs Mission Ventures, Robert Bosch Venture Capital, Sierra Ventures Quantitative & Asset Management
Binatix Scott Banister Quantitative & Asset Management
Clone Algo N/A Quantitative & Asset Management
Domeyard Gary Bergstrom, Howard Morgan, Renren Lianhe Holdings Quantitative & Asset Management
ForwardLane Barclays Accelerator, FinTech Innovation Lab Quantitative & Asset Management
Fount Korea Investment Partners, KT Investment, Smilegate Investments Quantitative & Asset Management
Numerai First Round Capital, Union Square Ventures Quantitative & Asset Management
Pit.ai Y Combinator Quantitative & Asset Management
Sentient Technologies Access Industries, BlackPine Private Equity Partners, Tata Communications, Quantitative & Asset Management
SigOpt Andreessen Horowitz, SV Angel, Y Combinator Quantitative & Asset Management
Trumid CreditEase, Soros Fund Management, Thiel Capital Quantitative & Asset Management
Walnut Algorithms Startupbootcamp FinTech Quantitative & Asset Management
Wealthfront Social Capital, Spark Capital, Tim Ferris Quantitative & Asset Management
BehavioSec Conor Venture Partners, FinTech Innovation Lab, Innovationsbron Regulatory, Compliance, & Fraud Detection
Bigstream Solutions Cota Capital, Oriza Ventures, Streamlined Ventures Regulatory, Compliance, & Fraud Detection
Checkrecipient Ian Hamilton, Keith Hyman, Lean Investments Regulatory, Compliance, & Fraud Detection
ComplyAdvantage Balderton Capital Regulatory, Compliance, & Fraud Detection
DataRobot Intel Capital, New Enterprise Associates, Techstars Regulatory, Compliance, & Fraud Detection
Digital Reasoning Systems Credit Suisse NEXT Investors, FinTech Innovation Lab, Goldman Sachs Regulatory, Compliance, & Fraud Detection
Dimebox BillPro Group Regulatory, Compliance, & Fraud Detection
FeedZai Citi Ventures, Data Collective, EDP Ventures Regulatory, Compliance, & Fraud Detection
Fortia Financial Solutions BNP Paribas Regulatory, Compliance, & Fraud Detection
Fraugster Earlybird Venture Capital, Seedcamp, SpeedInvest Regulatory, Compliance, & Fraud Detection
Jewel Paymentech 8capita Partners, Tuas Capital Partners, Wells Fargo Startup Accelerator Regulatory, Compliance, & Fraud Detection
Neurensic Plug and Play Accelerator Regulatory, Compliance, & Fraud Detection
Onfido Said Business School Seed Fund, Salesforce Ventures, Wellington Partners Regulatory, Compliance, & Fraud Detection
Paxata Accel Partners, Intel Capital, Microsoft Ventures Regulatory, Compliance, & Fraud Detection
PredicSis Impact USA, Innovacom Regulatory, Compliance, & Fraud Detection
Sift Science First Round Capital, Founder Collective, Union Square Ventures Regulatory, Compliance, & Fraud Detection
Skytree Plug and Play Ventures, UPS Strategic Enterprise Fund, US Venture Partners Regulatory, Compliance, & Fraud Detection
Socure Founder Collective, Santander InnoVentures, Two Sigma Ventures Regulatory, Compliance, & Fraud Detection
Trifacta Accel Partners, Greylock Partners, Ignition Partners Regulatory, Compliance, & Fraud Detection
Troo.ly Bain Capital Ventures, Milliways Ventures Regulatory, Compliance, & Fraud Detection
WorkFusion Greycroft Partners, iNovia Capital, Nokia Growth Partners Regulatory, Compliance, & Fraud Detection
cortical.io Numenta, Open Field Capital, Reventon Regulatory, Compliance, & Fraud Detection

Want to see more market maps? Check out our complete archive here.