Miami-based SaaS startup, Fivvy, has successfully secured a $4M investment from Global Ventures. The company intends to utilize the funding to initiate operations in collaboration with banks across Latin America.
Fivvy is a SaaS platform that collaborates with traditional and digital banks to offer personalized experiences to customers and use data models to increase their revenues.
“It [Fivvy] is a platform that links all the financial products to tell the user if they have expenses that they could reduce. It can detect fraud in any account and tell users which credit card is better for them to obtain the most benefits,” said Hanoi Morillo, Fivvy’s co-founder and CEO.
Fivvy will primarily offer B2B solutions in Latin America. However, this will change after a successful user-focused model test with over 20K downloads in the United States.
Read more at Forbes
